September 06, 2011

Currencies and FOREX can be complicated. However, currency Exchange Traded Funds are a great alternative for investors looking to diversify without learning how to trade new products. We’ve created a comprehensive watchlist for you to keep an eye on some of the worlds most popular investment currencies.

Your Cheat Sheet to Currency Exchange Traded Funds

PowerShares DB US Dollar Index Bullish (NYSE:UUP ) is the most traded currency ETF on this list, trading an average of 6.14 million shares per day. The fund is a separate series of the PowerShares DB US Dollar Index Trust, which offers common units of beneficial interest to authorized financial institutions. Check out UUP interactive chart, fundamentals, Twitter stream and more >>

CurrencyShares Canadian Dollar Trust (NYSE:FXC ) trades an average of 437,100 shares per day. The trust issues shares for deposits of Canadian Dollars and reflects the price of Canadian currency. Check out FXC interactive chart, fundamentals, Twitter stream and more >>

CurrencyShares Australian Dollar Trust (NYSE:FXA ) trades an average of 304,990 million shares per day. It is a grantor trust, which issues shares in exchange for deposits of Australian dollars. Check out FXA interactive chart, fundamentals, Twitter stream and more >>

CurrencyShares Swiss Franc Trust (NYSE:FXF ) trades an average of 182,003 shares per day. The trust issues shares in exchange for deposits of Swiss Francs. Check out FXF interactive chart, fundamentals, Twitter stream and more >>

WisdomTree Dreyfus Chinese Yuan Fund ETF  (NYSE:CYB ) averages 278,748 shares traded per day. The fund follows the money market in China and tracks the performance of the Chinese Yuan against the greenback. Check out CYB interactive chart, fundamentals, Twitter stream and more >>

WisdomTree Dreyfus Emerging Currency Fund (NYSE:CEW ) trades an average of 411,915 shares per day. The fund corresponds to the money market rates in emerging economies. Check out CEW interactive chart, fundamentals, Twitter stream and more >>

CurrencyShares Euro Trust (NYSE:FXE ) trades an average of 1.4 million shares each day. The trust issues shares in exchange for euro deposits. Check out FXE interactive chart, fundamentals, Twitter stream and more >>

CurrencyShares British Pound Sterling Trust (NYSE:FXB ) trades an average of 51,268 shares per day. The trust issues shares in exchange for deposits of British Pounds and then distributes the British Pounds for redemption of these shares. Check out FXB interactive chart, fundamentals, Twitter stream and more >>

CurrencyShares Japanese Yen Trust (NYSE:FXY ) trades an average of 165,007 shares per day. The trust issues baskets of shares in exchange for deposits in Japanese Yen and then distributes the Yen after the redemption of those baskets. Check out FXY interactive chart, fundamentals, Twitter stream and more >>

WisdomTree Dreyfus ETF BZ Real Fund  (NYSE:BZF ) trades an average of 123,194 shares per day. Check out BZF interactive chart, fundamentals, Twitter stream and more >>

Despite trading a relatively low daily average of 1,877 shares, the WisdomTree Dreyfus Euro ETF (NYSE:EU ) is among the most significant currency ETFs. The fund invests in euro time deposits, foreign government obligations, and corporate bonds. The fund corresponds to money market rates for foreign investors within the European Union. Check out EU interactive chart, fundamentals, Twitter stream and more >>

Leveraged Currency ETFs

ProShares UltraShort Euro  (NYSE:EUO ) trades an average of 3.06 million shares per day. Check out EUO interactive chart, fundamentals, Twitter stream and more >>

ProShares UltraShort Yen  (NYSE:YCS ) trades an average of 498,624 million shares per day. Check out YCS interactive chart, fundamentals, Twitter stream and more >>

ProShares Ultra Euro (NYSE:ULE ) trades an average of 14,124 shares per day. Check out ULE interactive chart, fundamentals, Twitter stream and more >>

ProShares Ultra Yen (NYSE:YCL ) trades an average of 14,055 shares per day. Check out YCL interactive chart, fundamentals, Twitter stream and more >>