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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   0.750710 
 NZDCHF   0.640872 
 AUDJPY   0.580222 
 NZDJPY   0.556972 
 NZDSGD   0.543333 
 AUDCHF   0.530930 
 NZDUSD   0.453195 
 GBPCAD   0.396601 
 GBPCHF   0.344365 
 EURCAD   0.343628 
 GBPJPY   0.326819 
 GBPUSD   0.325778 
 GBPSGD   0.301849 
 EURJPY   0.283412 
 CHFJPY   0.228354 
 EURCHF   0.225171 
 USDJPY   0.191343 
 USDCAD   0.187164 
 USDCNH   0.181437 
 AUDUSD   0.176106 
 USDCHF   0.126951 
 GBPAUD   0.114467 
 BTCUSD   0.096267 
 EURDKK   0.056208 
 
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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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