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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 
 AUDJPY   0.872041 
 GBPUSD   0.834446 
 AUDNZD   0.832340 
 AUDUSD   0.810198 
 AUDSGD   0.806235 
 GBPJPY   0.793777 
 GBPDKK   0.774000 
 GBPCAD   0.770952 
 GBPNZD   0.756141 
 EURCAD   0.751964 
 EURJPY   0.749524 
 EURNZD   0.746941 
 EURUSD   0.736934 
 GBPSGD   0.728230 
 GBPTRY   0.698014 
 SGDJPY   0.696389 
 CHFJPY   0.686986 
 EURSGD   0.678755 
 GBPPLN   0.654115 
 EURCHF   0.649084 
 CADJPY   0.583894 
 GBPSEK   0.563342 
 USDNZD   0.531486 
 CHFSGD   0.500621 
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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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