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Euro Deposits
3 Months Ended
Mar. 31, 2019
Cash And Cash Equivalents [Abstract]  
Euro Deposits

4.

Euro Deposits

Euro principal deposits are held in a euro-denominated, interest-bearing demand account. The interest rate in effect as of March 31, 2019 was an annual nominal rate of -0.40%. For the three months ended March 31, 2019, there were euro principal deposits of 38,188,984, euro principal redemptions of 119,384,801 and euro withdrawals (to pay expenses) of 462,732, resulting in an ending euro principal balance of 195,665,424. This equates to 219,702,899 USD. For the two months ended December 31, 2018, there were euro principal deposits of 90,835,045, euro principal redemptions of 33,462,989 and euro withdrawals (to pay expenses) of 297,496, resulting in an ending euro principal balance of 277,323,973. This equates to 317,022,841 USD (which includes USD redemptions payable).

Net interest, if any, associated with creation and redemption activity is held in a euro-denominated non-interest-bearing account, and any balance is distributed in full as part of the monthly income distributions, if any.