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Forex Correlation Correlation Calculator  
Learning about forex correlation helps traders manage their portfolios more appropriately. Regardless of your trading strategy and whether you are looking to diversify your positions or find alternate pairs to leverage your view, it is very important to keep in mind the correlation between various currency pairs and their shifting trends

Symbol   Period, days  
 AUDCAD   1.000000 
 AUDNOK   0.835187 
 EURGBP   0.784546 
 NZDCAD   0.760558 
 EURNOK   0.683866 
 CHFNOK   0.660309 
 EURCAD   0.652556 
 EURDKK   0.601145 
 AUDUSD   0.575148 
 EURUSD   0.571500 
 EURHKD   0.569918 
 AUDSGD   0.568540 
 EURSGD   0.542255 
 NZDUSD   0.526301 
 CHFSGD   0.519925 
 NZDSGD   0.516568 
 AUDSEK   0.465790 
 EURSEK   0.427965 
 NZDCHF   0.405574 
 AUDDKK   0.294492 
 GBPNOK   0.264177 
 AUDCHF   0.243161 
 USDNOK   0.209938 
 NZDJPY   0.113816 
 USDCAD   0.010953 
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Education Stock Correlation - Explanation
Correlation is the statistical measure of the relationship between two currency pairs. The correlation coefficient ranges between -1 and +1. A correlation of +1 implies that the two currency pairs will move in the same direction 100% of the time. A correlation of -1 implies the two currency pairs will move in the opposite direction 100% of the time. A correlation of zero implies that the relationship between the currency pairs is completely random. Correlations do not always remain stable and can even change on a daily basis. Correlation analysis can help you to diversify your positions. Imperfect correlation between two different currency pairs allows for more diversification and marginally lower risk.

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