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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 
 NZDCAD   0.886522 
 NZDUSD   0.835188 
 NZDCHF   0.777241 
 GBPCAD   0.613212 
 AUDUSD   0.606519 
 NZDJPY   0.594565 
 GBPUSD   0.567433 
 AUDCHF   0.420069 
 GBPCHF   0.294759 
 EURCAD   0.187252 
 BTCUSD   0.146120 
 EURUSD   0.142010 
 AUDJPY   0.104469 
 USDCAD   0.018907 
 EURRUB   -0.033394 
 GBPJPY   -0.058545 
 USDEUR   -0.139762 
 USDDKK   -0.146265 
 USDRUB   -0.150621 
 GBPSGD   -0.208034 
 GBPAUD   -0.290978 
 CHFJPY   -0.315511 
 EURCHF   -0.335679 
 EURJPY   -0.340386 
 
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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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