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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 
 AUDUSD   0.906624 
 AUDJPY   0.840086 
 GBPJPY   0.832333 
 AUDSGD   0.807660 
 AUDCHF   0.755136 
 NZDJPY   0.754811 
 NZDCAD   0.751659 
 USDJPY   0.723283 
 HKDJPY   0.718902 
 GBPUSD   0.716813 
 GBPCHF   0.713838 
 CHFJPY   0.702346 
 NZDUSD   0.673250 
 NZDCHF   0.652169 
 EURJPY   0.647958 
 SGDJPY   0.641168 
 CADJPY   0.611400 
 AUDNZD   0.592279 
 USDSEK   0.554049 
 NZDSGD   0.504730 
 USDHKD   0.464769 
 GBPCAD   0.445576 
 EURSEK   0.367255 
 USDDKK   0.351010 
 
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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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