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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   0.933857 
 EURCAD   0.910823 
 NZDCAD   0.881739 
 EURUSD   0.828994 
 EURGBP   0.820813 
 HKDJPY   0.814983 
 EURRUB   0.763907 
 NZDUSD   0.753769 
 SGDJPY   0.711543 
 EURSEK   0.675543 
 EURSGD   0.664761 
 EURNOK   0.510941 
 AUDNZD   0.488621 
 USDGBP   0.473074 
 EURNZD   0.391583 
 EURDKK   0.373737 
 EURCHF   0.198591 
 AUDCHF   0.179357 
 NZDSGD   0.143610 
 USDCAD   0.089236 
 EURAUD   -0.040929 
 USDHKD   -0.061895 
 CHFSGD   -0.073012 
 AUDSGD   -0.114364 
 
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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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