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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   0.726495 
 AUDSGD   0.690579 
 AUDJPY   0.684449 
 NZDUSD   0.614828 
 NZDJPY   0.567584 
 NZDCAD   0.565948 
 EURGBP   0.535860 
 NZDSGD   0.500391 
 CHFJPY   0.420103 
 CHFSGD   0.413634 
 EURSEK   0.392566 
 EURILS   0.389457 
 EURUSD   0.354924 
 EURDKK   0.312116 
 EURSGD   0.289981 
 EURCAD   0.289698 
 EURJPY   0.286020 
 USDILS   0.260221 
 AUDNOK   0.229968 
 GBPNOK   0.200319 
 GBPUSD   0.140465 
 SGDJPY   0.135712 
 AUDDKK   0.129468 
 CHFNOK   0.083284 
 
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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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