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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 
 USDCAD   0.458861 
 USDZAR   0.266532 
 EURDKK   0.232123 
 EURNZD   0.226157 
 EURCAD   0.223050 
 USDMXN   0.219734 
 AUDNZD   0.179508 
 NZDCAD   0.161123 
 GBPCAD   0.149942 
 AUDNOK   0.143803 
 EURJPY   0.138248 
 EURGBP   0.135820 
 USDNOK   0.135705 
 AUDCHF   0.131384 
 AUDJPY   0.124454 
 AUDSGD   0.104332 
 SGDJPY   0.103391 
 AUDDKK   0.095523 
 USDJPY   0.082523 
 USDCHF   0.079077 
 CHFJPY   0.077477 
 AUDUSD   0.076065 
 USDDKK   0.054416 
 CHFNOK   0.046779 
 
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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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