Expressed another way, one dollar was worth 5.6529 French francs. Exchange rates fluctuate as currency traders and investors change their perceptions of world events and the stability of each nation's economy and government. Most countries try to maintain somewhat stable rates because this makes investors feel more secure. One way to ensure that stability is to link the currency to a specific amount of a commodity, like silver or gold, and keep a reserve of that commodity equal to the total value of the currency in circulation. Some nations link their currency to the dollar because it is perceived as stable.
Many weaker economies fix their currency, hoping to lock in some security.
The point at which new purchasers are no longer eligible for the most recent dividend payment. When the dividend is paid, the NAV or stock price is adjusted to reflect the payment. The fund's cost of doing business, expressed as a percentage of assets. The date on which a futures contract can no longer be bought or sold, and the buyer must take possession of the commodities contained in the contract. Or the last day on which an option may be exercised.