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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
 
 SymbolCorrelation
 AUDCAD   1.000000 
 AUDUSD   0.827537 
 NZDCAD   0.727314 
 NZDUSD   0.710263 
 NZDJPY   0.654198 
 GBPUSD   0.609286 
 EURUSD   0.583872 
 GBPCAD   0.582799 
 CHFJPY   0.517927 
 EURCAD   0.516391 
 GBPSGD   0.496454 
 GBPJPY   0.437630 
 AUDJPY   0.429052 
 NZDCHF   0.357143 
 EURJPY   0.345565 
 EURRUB   0.252535 
 GBPAUD   0.201059 
 GBPCHF   0.184886 
 EURAUD   0.044253 
 USDNOK   0.012139 
 EURCHF   -0.020866 
 AUDCHF   -0.147019 
 GBPNZD   -0.219334 
 EURSEK   -0.305609 
 EURDKK   -0.320049 
 
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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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