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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 
 CHFJPY   0.783719 
 EURJPY   0.775372 
 NZDJPY   0.762414 
 AUDJPY   0.756608 
 AUDUSD   0.707546 
 NZDCAD   0.671705 
 AUDNZD   0.653545 
 EURUSD   0.628214 
 USDJPY   0.624783 
 USDMXN   0.624519 
 EURSGD   0.618815 
 EURRUB   0.539100 
 GBPJPY   0.528589 
 EURCAD   0.518495 
 EURGBP   0.516294 
 HKDJPY   0.450145 
 AUDSGD   0.433857 
 NZDUSD   0.431467 
 EURCHF   0.418382 
 CADJPY   0.396195 
 EURNZD   0.294095 
 AUDCHF   0.292911 
 NZDSGD   0.282086 
 SGDJPY   0.274259 
 
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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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