Invesco CurrencyShares Swiss Franc Trust (FXF) 10-Q 12 Mar 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Jan. 31, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Jan-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Trading Symbol	FXF
Entity Registrant Name	CURRENCYSHARES SWISS FRANC TRUST
Entity Central Index Key	1353615
Current Fiscal Year End Date	-21
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding	0

Statements_of_Financial_Condit

Statements of Financial Condition(USD ($))	Jan. 31, 2015		Oct. 31, 2014
Current Assets:
Swiss Franc deposits, interest bearing	$185,610,990	[1]	$202,983,199
Swiss Franc deposits, non-interest bearing	0	[1]	0
Total Current Assets	185,610,990	[1]	202,983,199
Current Liabilities:
Redemptions payable	10,602,926	[1]
Accrued Sponsor's fee	65,544	[1]	68,948
Total Current Liabilities	10,668,470	[1]	68,948
Commitments and Contingent Liabilities (note 8)		[1]
Redeemable Capital Shares, at redemption value, no par value, 29,500,000 authorized - 1,650,000 and 2,000,000 issued and outstanding, respectively	174,942,520	[1]	202,914,251
Shareholders' Equity:
Retained Earnings	0	[1]	0
Cumulative Translation Adjustment	0	[1]	0
Total Liabilities, Redeemable Capital Shares and Shareholders' Equity	$185,610,990	[1]	$202,983,199
[1]	(Unaudited)

Statements_of_Financial_Condit1

Statements of Financial Condition (Parenthetical) (USD $)	Jan. 31, 2015		Oct. 31, 2014
Statement of Financial Position [Abstract]
Redeemable Capital Shares, no par value		[1]
Redeemable Capital Shares, shares authorized	29,500,000	[1]	29,500,000
Redeemable Capital Shares, shares outstanding	1,650,000	[1]	2,000,000
Redeemable Capital Shares, shares issued	1,650,000	[1]	2,000,000
[1]	(Unaudited)

Statements_of_Comprehensive_In

Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Income
Interest Income	$0	$0
Total Income	0	0
Expenses
Sponsor's fee	-196,860	-275,216
Total Expenses	-196,860	-275,216
Net Loss	-196,860	-275,216
Basic and Diluted Earnings per Share	($0.10)	($0.11)
Weighted-average Shares Outstanding	1,916,304	2,514,130
Cash Dividends per Share	$0	$0
Other Comprehensive (Loss)/Income:
Currency translation adjustment	-8,677	714
Total Comprehensive Loss	($205,537)	($274,502)

Statements_of_Changes_in_Share

Statements of Changes in Shareholders' Equity (USD $)		Total	Retained Earnings [Member]		Accumulated Other Comprehensive Income (Loss) [Member]
Cumulative Translation Adjustment, Beginning of Period at Oct. 31, 2013					$0
Retained Earnings, Beginning of Period at Oct. 31, 2013			0
Net Loss			-997,278
Currency translation adjustment					10,025
Adjustment of redeemable capital shares to redemption value			997,278		-10,025
Cumulative Translation Adjustment, End of Period at Oct. 31, 2014	[1]	0			0
Retained Earnings, End of Period at Oct. 31, 2014	[1]	0	0
Net Loss		-196,860	-196,860	[1]
Currency translation adjustment		-8,677			-8,677	[1]
Adjustment of redeemable capital shares to redemption value	[1]		196,860		8,677
Cumulative Translation Adjustment, End of Period at Jan. 31, 2015	[1]	0			0
Retained Earnings, End of Period at Jan. 31, 2015	[1]	$0	$0
[1]	(Unaudited)

Statements_of_Cash_Flows_Unaud

Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Cash flows from operating activities
Cash paid for expenses	($203,163)	($279,826)
Net cash used in operating activities	-203,163	-279,826
Cash flows from financing activities
Cash paid to redeem redeemable shares	-25,395,202	-21,694,083
Net cash used in financing activities	-25,395,202	-21,694,083
Adjustment to period cash flows due to currency movement	8,226,156	25,927
Decrease in cash	-17,372,209	-21,947,982
Cash at beginning of period	202,983,199	281,580,951
Cash at end of period	185,610,990	259,632,969
Reconciliation of net loss to net cash used in operating activities
Net Loss	-196,860	-275,216
Adjustments to reconcile net loss to net cash used in operating activities:
Currency translation adjustment	-2,899	-2
Accrued sponsor fee	65,544	89,020
Prior period accrued sponsor fee	-68,948	-93,628
Net cash used in operating activities	($203,163)	($279,826)

Organization_and_Description_o

Organization and Description of the Trust	3 Months Ended
	Jan. 31, 2015
Accounting Policies [Abstract]
Organization and Description of the Trust	1	Organization and Description of the Trust
	The CurrencyShares® Swiss Franc Trust (the “Trust”) was formed under the laws of the State of New York on June 8, 2006 when Guggenheim Specialized Products, LLC d/b/a “Guggenheim Investments” (the “Sponsor”) deposited 100 Swiss Franc in the Trust’s primary deposit account held by JPMorgan Chase Bank, N.A., London Branch (the “Depository”). The Sponsor is a Delaware limited liability company whose sole member is Security Investors, LLC (also d/b/a “Guggenheim Investments”). The Sponsor is responsible for, among other things, overseeing the performance of The Bank of New York Mellon (the “Trustee”) and the Trust’s principal service providers, including the preparation of financial statements. The Trustee is responsible for the day-to-day administration of the Trust.
	The investment objective of the Trust is for the Trust’s shares (the “Shares”) to reflect the price of the Swiss Franc plus accrued interest less the Trust’s expenses and liabilities. The Shares are intended to provide investors with a simple, cost-effective means of gaining investment benefits similar to those of holding Swiss Francs. The Trust’s assets primarily consist of Swiss Francs on demand deposit in two deposit accounts maintained by the Depository: a primary deposit account which may earn interest and a secondary deposit account which does not earn interest. The secondary deposit account is used to account for any interest that may be received and paid out on creations and redemptions of blocks of 50,000 Shares (“Baskets”). The secondary account is also used to account for interest earned, if any, on the primary deposit account, pay Trust expenses and distribute any excess interest to holders of Shares (“Shareholders”) on a monthly basis.
	The accompanying unaudited financial statements were prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions for Form 10-Q. In the opinion of management, all material adjustments, consisting only of normal recurring adjustments, considered necessary for a fair statement of the interim period financial statements have been made. Interim period results are not necessarily indicative of results for a full-year period. These financial statements and the notes thereto should be read in conjunction with the Trust’s financial statements included in the Form 10-K as filed on January 14, 2015.

Significant_Accounting_Policie

Significant Accounting Policies	3 Months Ended
	Jan. 31, 2015
Accounting Policies [Abstract]
Significant Accounting Policies	2	Significant Accounting Policies
		A.	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of the assets, liabilities and disclosures of contingent liabilities at the date of the financial statements, the reported amounts of revenue and expenses during the period and the evaluation of subsequent events through the issuance of the financial statements. Actual results could differ from those estimates.
		B.	Foreign Currency Translation
	The Trustee calculates the Trust’s net asset value (“NAV”) each business day, as described in Note 4. For NAV calculation purposes, Swiss Franc deposits (cash) are translated at the Closing Spot Rate, which is the USD/Swiss Franc exchange rate as determined by The WM Company, at 4:00 PM (London time / London fixing) on each day that NYSE Arca is open for regular trading.
	The functional currency of the Trust is the Swiss Franc in accordance with generally accepted accounting standards. For financial statement reporting purposes, the U.S. Dollar is the reporting currency. As a result, the financial records of the Trust are translated from Swiss Francs to USD. The Closing Spot Rate on the last day of the period is used for translation in the statements of financial condition. The average Closing Spot Rate for the period is used for translation in the statements of comprehensive income and the statements of cash flows. Any currency translation adjustment is included in comprehensive income.
		C.	Federal Income Taxes
	The Trust is treated as a “grantor trust” for federal income tax purposes and, therefore, no provision for federal income taxes is required. Interest, gains and losses are passed through to the Shareholders.
	Shareholders generally will be treated, for U.S. federal income tax purposes, as if they directly owned a pro-rata share of the assets held in the Trust. Shareholders also will be treated as if they directly received their respective pro-rata portion of the Trust’s income, if any, and as if they directly incurred their respective pro-rata portion of the Trust’s expenses. The acquisition of Shares by a U.S. Shareholder as part of a creation of a Basket will not be a taxable event to the Shareholder.
	The Sponsor’s fee accrues daily and is payable monthly. For U.S. federal income tax purposes, an accrual-basis U.S. Shareholder generally will be required to take into account as an expense its allocable portion of the USD-equivalent of the amount of the Sponsor’s fee that is accrued on each day, with such USD-equivalent being determined by the currency exchange rate that is in effect on the respective day. To the extent that the currency exchange rate on the date of payment of the accrued amount of the Sponsor’s fee differs from the currency exchange rate in effect on the day of accrual, the U.S. Shareholder will recognize a currency gain or loss for U.S. federal income tax purposes.
	The Trust does not expect to generate taxable income except for interest income (if any) and gain (if any) upon the sale of Swiss Francs. A non-U.S. Shareholder generally will not be subject to U.S. federal income tax with respect to gain recognized upon the sale or other disposition of Shares, or upon the sale of Swiss Francs by the Trust, unless: (1) the non-U.S. Shareholder is an individual and is present in the United States for 183 days or more during the taxable year of the sale or other disposition, and the gain is treated as being from United States sources; or (2) the gain is effectively connected with the conduct by the non-U.S. Shareholder of a trade or business in the United States.
	A non-U.S. Shareholder’s portion of any interest income earned by the Trust generally will not be subject to U.S. federal income tax unless the Shares owned by such non-U.S. Shareholder are effectively connected with the conduct by the non-U.S. Shareholder of a trade or business in the United States.
		D.	Revenue Recognition
	Interest on the primary deposit account, if any, accrues daily as earned and is received on a monthly basis. Any interest below zero for the period is reflected as interest expense.
		E.	Dividends
	To the extent that the interest earned by the Trust exceeds the sum of the Sponsor’s fee for the prior month plus other Trust expenses, if any, the Trust will distribute, as a dividend (herein referred to as dividends or distributions), the excess interest earned in Swiss Francs effective on the first business day of the subsequent month. The Trustee will direct that the excess Swiss Francs be converted into USD at a prevailing market rate and the Trustee will distribute the USD as promptly as practicable to Shareholders on a pro-rata basis (in accordance with the number of Shares that they own).

Swiss_Franc_Deposits

Swiss Franc Deposits	3 Months Ended
	Jan. 31, 2015
Text Block [Abstract]
Swiss Franc Deposits	3	Swiss Franc Deposits
	Swiss Franc principal deposits are held in a Swiss Franc-denominated, interest-bearing demand account. The interest rate in effect as of January 31, 2015 was an annual nominal rate of 0.00%. For the three months ended January 31, 2015, there were no Swiss Franc principal deposits, Swiss Franc principal redemptions of 34,149,852 and Swiss Franc withdrawals (to pay expenses) of 195,158, resulting in an ending Swiss Franc principal balance of 161,016,170. This equates to 175,008,064 USD (which includes USD redemptions payable). For the year ended October 31, 2014, there were Swiss Franc principal deposits of 4,893,834, Swiss Franc principal redemptions of 63,599,295 and Swiss Franc withdrawals (to pay expenses) of 918,989, resulting in an ending Swiss Franc principal balance of 195,361,180. This equates to 202,983,199 USD
	Net interest associated with creation and redemption activity is held in a Swiss Franc-denominated non-interest-bearing account, and any balance is distributed in full as part of the monthly income distributions, if any.

Redeemable_Capital_Shares

Redeemable Capital Shares	3 Months Ended
	Jan. 31, 2015
Equity [Abstract]
Redeemable Capital Shares	4	Redeemable Capital Shares
	Shares are classified as “redeemable” for financial statement purposes, since they are subject to redemption. Shares are issued and redeemed continuously in Baskets in exchange for Swiss Francs. Individual investors cannot purchase or redeem Shares in direct transactions with the Trust. Authorized Participants (as defined below) may place orders to create and redeem Baskets. An Authorized Participant is a Depository Trust Company (“DTC”) participant that is a registered broker-dealer or other institution eligible to settle securities transactions through the book-entry facilities of DTC and which has entered into a contractual arrangement with the Trust and the Sponsor governing, among other matters, the creation and redemption process. Authorized Participants may redeem their Shares at any time in Baskets.
	Due to expected continuing creations and redemptions of Baskets and the three-day period for settlement of each creation or redemption, the Trust reflects Shares created as a receivable on the trade date. Shares redeemed are reflected as a liability on the trade date. Outstanding Shares are reflected at a redemption value, which is the NAV per Share at the period end date. Adjustments to redeemable capital Shares at redemption value are recorded against retained earnings or, in the absence of retained earnings, by charges against the cumulative translation adjustment.
	Activity in redeemable capital Shares is as follows:
			Three months ended						Year ended
			January 31, 2015						October 31, 2014
			(Unaudited)
			Shares			U.S. Dollar			Shares			U.S. Dollar
						Amount						Amount
	Opening Balance			2,000,000		$	202,914,251			2,600,000		$	281,487,323
	Shares issued			—			—			50,000			5,412,336
	Shares redeemed			(350,000	)		(35,550,543	)		(650,000	)		(70,337,641	)
	Adjustment to period Shares due to currency movement and other			—			7,578,812			—			(13,647,767	)
	Ending Balance			1,650,000		$	174,942,520			2,000,000		$	202,914,251
	The Trustee calculates the Trust’s NAV each business day. To calculate the NAV, the Trustee subtracts the Sponsor’s accrued fee through the previous day from the Swiss Francs held by the Trust (including all unpaid interest accrued through the preceding day) and calculates the value of the Swiss Francs in USD based upon the Closing Spot Rate. If, on a particular evaluation day, the Closing Spot Rate has not been determined and announced by 6:00 PM (London fixing), then the most recent Closing Spot Rate will be used to determine the NAV of the Trust unless the Trustee, in consultation with the Sponsor, determines that such price is inappropriate to use as the basis for the valuation. If the Trustee and the Sponsor determine that the most recent Closing Spot Rate is not an appropriate basis for valuation of the Trust’s Swiss Francs, they will determine an alternative basis for the valuation. The Trustee also determines the NAV per Share, which equals the NAV of the Trust, divided by the number of outstanding Shares. Shares deliverable under a purchase order are considered outstanding for purposes of determining NAV per Share; Shares deliverable under a redemption order are not considered outstanding for this purpose.

Sponsors_Fee

Sponsor's Fee	3 Months Ended
	Jan. 31, 2015
Text Block [Abstract]
Sponsor's Fee	5	Sponsor’s Fee
	The Sponsor’s fee accrues daily at an annual nominal rate of 0.40% of the Swiss Francs in the Trust (including all unpaid interest but excluding unpaid fees, each as accrued through the immediately preceding day) and is paid monthly.
	The Sponsor assumes and pays the following administrative and marketing expenses incurred by the Trust: the Trustee’s monthly fee, NYSE Arca listing fees, SEC registration fees, typical maintenance and transaction fees of the Depository, printing and mailing costs, audit fees and expenses, up to $100,000 per year in legal fees and expenses, and applicable license fees.
	In certain exceptional cases the Trust will pay for some expenses in addition to the Sponsor’s fee. These exceptions include expenses not assumed by the Sponsor (i.e., expenses other than those identified in the preceding paragraph), expenses resulting from a negative interest rate, taxes and governmental charges, expenses and costs of any extraordinary services performed by the Trustee or the Sponsor on behalf of the Trust or action taken by the Trustee or the Sponsor to protect the Trust or the interests of Shareholders, indemnification of the Sponsor under the Depositary Trust Agreement, and legal expenses in excess of $100,000 per year.

Related_Parties

Related Parties	3 Months Ended
	Jan. 31, 2015
Related Party Transactions [Abstract]
Related Parties	6	Related Parties
	The Sponsor is a related party of the Trust. The Sponsor oversees the performance of the Trustee and the Trust’s principal service providers, including the preparation of financial statements, but does not exercise day-to-day oversight over the Trustee or the Trust’s service providers.

Concentration_Risk

Concentration Risk	3 Months Ended
	Jan. 31, 2015
Risks and Uncertainties [Abstract]
Concentration Risk	7	Concentration Risk
	All of the Trust’s assets are Swiss Francs, which creates a concentration risk associated with fluctuations in the price of the Swiss Franc. Accordingly, a decline in the Swiss Franc to USD exchange rate will have an adverse effect on the value of the Shares. Factors that may have the effect of causing a decline in the price of the Swiss Franc include national debt levels and trade deficits, domestic and foreign inflation rates, domestic and foreign interest rates, investment and trading activities of institutions and global or regional political, economic or financial events and situations. Substantial sales of Swiss Francs by the official sector (central banks, other governmental agencies and related institutions that buy, sell and hold Swiss Francs as part of their reserve assets) could adversely affect an investment in the Shares.
	All of the Trust’s Swiss Francs are held by the Depository. Accordingly, a risk associated with the concentration of the Trust’s assets in accounts held by a single financial institution exists and increases the potential for loss by the Trust and the Shareholders in the event that the Depository becomes insolvent.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Jan. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	8	Commitments and Contingencies
	Under the Trust’s organizational documents, the Sponsor is indemnified against any liability or expense it incurs without negligence, bad faith or willful misconduct on its part. The Trust’s maximum exposure under this arrangement is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred.

Significant_Accounting_Policie1

Significant Accounting Policies (Policies)	3 Months Ended
	Jan. 31, 2015
Accounting Policies [Abstract]
Use of Estimates		A.	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of the assets, liabilities and disclosures of contingent liabilities at the date of the financial statements, the reported amounts of revenue and expenses during the period and the evaluation of subsequent events through the issuance of the financial statements. Actual results could differ from those estimates.
Foreign Currency Translation		B.	Foreign Currency Translation
	The Trustee calculates the Trust’s net asset value (“NAV”) each business day, as described in Note 4. For NAV calculation purposes, Swiss Franc deposits (cash) are translated at the Closing Spot Rate, which is the USD/Swiss Franc exchange rate as determined by The WM Company, at 4:00 PM (London time / London fixing) on each day that NYSE Arca is open for regular trading.
	The functional currency of the Trust is the Swiss Franc in accordance with generally accepted accounting standards. For financial statement reporting purposes, the U.S. Dollar is the reporting currency. As a result, the financial records of the Trust are translated from Swiss Francs to USD. The Closing Spot Rate on the last day of the period is used for translation in the statements of financial condition. The average Closing Spot Rate for the period is used for translation in the statements of comprehensive income and the statements of cash flows. Any currency translation adjustment is included in comprehensive income.
Federal Income Taxes		C.	Federal Income Taxes
	The Trust is treated as a “grantor trust” for federal income tax purposes and, therefore, no provision for federal income taxes is required. Interest, gains and losses are passed through to the Shareholders.
	Shareholders generally will be treated, for U.S. federal income tax purposes, as if they directly owned a pro-rata share of the assets held in the Trust. Shareholders also will be treated as if they directly received their respective pro-rata portion of the Trust’s income, if any, and as if they directly incurred their respective pro-rata portion of the Trust’s expenses. The acquisition of Shares by a U.S. Shareholder as part of a creation of a Basket will not be a taxable event to the Shareholder.
	The Sponsor’s fee accrues daily and is payable monthly. For U.S. federal income tax purposes, an accrual-basis U.S. Shareholder generally will be required to take into account as an expense its allocable portion of the USD-equivalent of the amount of the Sponsor’s fee that is accrued on each day, with such USD-equivalent being determined by the currency exchange rate that is in effect on the respective day. To the extent that the currency exchange rate on the date of payment of the accrued amount of the Sponsor’s fee differs from the currency exchange rate in effect on the day of accrual, the U.S. Shareholder will recognize a currency gain or loss for U.S. federal income tax purposes.
	The Trust does not expect to generate taxable income except for interest income (if any) and gain (if any) upon the sale of Swiss Francs. A non-U.S. Shareholder generally will not be subject to U.S. federal income tax with respect to gain recognized upon the sale or other disposition of Shares, or upon the sale of Swiss Francs by the Trust, unless: (1) the non-U.S. Shareholder is an individual and is present in the United States for 183 days or more during the taxable year of the sale or other disposition, and the gain is treated as being from United States sources; or (2) the gain is effectively connected with the conduct by the non-U.S. Shareholder of a trade or business in the United States.
	A non-U.S. Shareholder’s portion of any interest income earned by the Trust generally will not be subject to U.S. federal income tax unless the Shares owned by such non-U.S. Shareholder are effectively connected with the conduct by the non-U.S. Shareholder of a trade or business in the United States.
Revenue Recognition		D.	Revenue Recognition
	Interest on the primary deposit account, if any, accrues daily as earned and is received on a monthly basis. Any interest below zero for the period is reflected as interest expense.
Dividends		E.	Dividends
	To the extent that the interest earned by the Trust exceeds the sum of the Sponsor’s fee for the prior month plus other Trust expenses, if any, the Trust will distribute, as a dividend (herein referred to as dividends or distributions), the excess interest earned in Swiss Francs effective on the first business day of the subsequent month. The Trustee will direct that the excess Swiss Francs be converted into USD at a prevailing market rate and the Trustee will distribute the USD as promptly as practicable to Shareholders on a pro-rata basis (in accordance with the number of Shares that they own).

Redeemable_Capital_Shares_Tabl

Redeemable Capital Shares (Tables)	3 Months Ended
	Jan. 31, 2015
Equity [Abstract]
Schedule for Redeemable Capital Shares Activity	Activity in redeemable capital Shares is as follows:
		Three months ended						Year ended
		January 31, 2015						October 31, 2014
		(Unaudited)
		Shares			U.S. Dollar			Shares			U.S. Dollar
					Amount						Amount
	Opening Balance		2,000,000		$	202,914,251			2,600,000		$	281,487,323
	Shares issued		—			—			50,000			5,412,336
	Shares redeemed		(350,000	)		(35,550,543	)		(650,000	)		(70,337,641	)
	Adjustment to period Shares due to currency movement and other		—			7,578,812			—			(13,647,767	)
	Ending Balance		1,650,000		$	174,942,520			2,000,000		$	202,914,251

Organization_and_Description_o1

Organization and Description of the Trust - Additional Information (Detail) (CHF)	3 Months Ended
	Jan. 31, 2015	Jun. 08, 2006
	Depositor
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Initial deposits by Sponsor, Primary deposit account		100
Incorporation date	8-Jun-06
Number of deposits accounts in which trust's assets primarily consist of Swiss Francs	2
Redemptions Capital Shares, Number of shares in each Block	50,000

Significant_Accounting_Policie2

Significant Accounting Policies - Additional Information (Detail) (USD $)	3 Months Ended
	Jan. 31, 2015
Accounting Policies [Abstract]
Provision for federal income taxes	$0
Number of days residing in country for income tax purpose	183 days

Swiss_Franc_Deposits_Additiona

Swiss Franc Deposits - Additional Information (Detail)	3 Months Ended	12 Months Ended
	Jan. 31, 2015	Oct. 31, 2014	Jan. 31, 2015		Oct. 31, 2014	Jan. 31, 2015
	CHF	CHF	USD ($)		USD ($)	Redemption Payable [Member]
						USD ($)
Deposits [Line Items]
Swiss Franc principal deposits	0	4,893,834
Swiss Franc principal redemptions	34,149,852	63,599,295
Swiss Franc withdrawals (to pay expenses)	195,158	918,989
Swiss Franc principal balance	161,016,170	195,361,180	$185,610,990	[1]	$202,983,199	$175,008,064
Annual nominal interest rate on deposit			0.00%
[1]	(Unaudited)

Redeemable_Capital_Shares_Addi

Redeemable Capital Shares - Additional Information (Detail)	3 Months Ended
	Jan. 31, 2015
Equity [Abstract]
Redeemable capital shares settlement period creation and redemption	3 days

Redeemable_Capital_Shares_Sche

Redeemable Capital Shares - Schedule for Redeemable Capital Shares Activity (Detail) (USD $)	3 Months Ended		12 Months Ended
	Jan. 31, 2015		Oct. 31, 2014
Equity [Abstract]
Opening Balance, Shares	2,000,000		2,600,000
Shares issued, Shares			50,000
Shares redeemed, Shares	-350,000		-650,000
Ending Balance, Shares	1,650,000	[1]	2,000,000
Opening Balance, Amount	$202,914,251		$281,487,323
Shares issued, Amount			5,412,336
Shares redeemed, Amount	-35,550,543		-70,337,641
Adjustment to period Shares due to currency movement and other, Amount	7,578,812		-13,647,767
Ending Balance, Amount	$174,942,520	[1]	$202,914,251
[1]	(Unaudited)

Sponsors_Fee_Additional_Inform

Sponsor's Fee - Additional Information (Detail) (USD $)	3 Months Ended
	Jan. 31, 2015
Cost of services [Line Items]
Sponsor's fee accrues daily and paid monthly, annual nominal Rate	0.40%
Maximum [Member]
Cost of services [Line Items]
Legal fees and expenses assumed sponsor	100,000
Minimum [Member]
Cost of services [Line Items]
Legal fees and expenses assumed sponsor	100,000