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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 
 AUDCHF   0.907878 
 NZDCHF   0.889419 
 NZDCAD   0.846388 
 AUDUSD   0.793058 
 USDCHF   0.791633 
 USDGBP   0.765285 
 EURCHF   0.710871 
 CADCHF   0.700980 
 AUDNZD   0.695740 
 EURGBP   0.550798 
 NZDUSD   0.526708 
 USDEUR   0.519808 
 USDDKK   0.517778 
 AUDJPY   0.476483 
 USDCAD   0.201192 
 GBPCHF   0.122942 
 NZDJPY   0.103037 
 BTCUSD   0.063233 
 USDSGD   -0.251627 
 USDRUB   -0.445041 
 EURCAD   -0.472746 
 CADJPY   -0.512410 
 EURUSD   -0.522449 
 USDNZD   -0.528332 
 
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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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