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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 
 AUDNZD   0.668480 
 AUDCHF   0.521243 
 GBPSGD   0.455805 
 GBPCHF   0.449227 
 GBPNZD   0.399761 
 HKDJPY   0.368913 
 USDJPY   0.363879 
 GBPJPY   0.335655 
 GBPCAD   0.334339 
 AUDSGD   0.282394 
 USDEUR   0.273174 
 USDDKK   0.269782 
 USDNZD   0.217294 
 AUDJPY   0.211174 
 USDCHF   0.210002 
 USDSGD   0.208331 
 GBPUSD   0.204193 
 USDCAD   0.183677 
 USDMXN   0.148501 
 AUDUSD   0.107513 
 USDSEK   0.093463 
 USDPLN   0.084128 
 EURNZD   0.074885 
 SGDJPY   0.072363 
 
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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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