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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 
 AUDDKK   0.946055 
 USDCZK   0.943978 
 USDSEK   0.925480 
 USDHUF   0.914124 
 USDEUR   0.912394 
 AUDSEK   0.907779 
 USDDKK   0.907268 
 USDCAD   0.901794 
 USDPLN   0.898341 
 NZDCAD   0.877027 
 GBPHUF   0.855297 
 CHFNOK   0.846798 
 CHFPLN   0.831011 
 USDGBP   0.830402 
 GBPSEK   0.809463 
 GBPDKK   0.809216 
 CHFSGD   0.783844 
 GBPPLN   0.774337 
 USDSGD   0.735575 
 USDNOK   0.732885 
 AUDNZD   0.719870 
 GBPCAD   0.691189 
 CHFJPY   0.674457 
 AUDNOK   0.632584 
 
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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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