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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   0.812413 
 AUDJPY   0.714560 
 AUDCHF   0.622519 
 EURUSD   0.397345 
 CHFJPY   0.372684 
 EURJPY   0.367136 
 BTCUSD   0.253033 
 AUDNZD   0.228350 
 CADJPY   0.212485 
 NZDUSD   0.158766 
 NZDJPY   0.158087 
 EURCAD   0.126764 
 EURGBP   0.091990 
 NZDCAD   0.078750 
 NZDCHF   0.054818 
 GBPJPY   0.052454 
 GBPUSD   0.050326 
 USDJPY   0.003950 
 EURCHF   -0.025030 
 GBPCAD   -0.040731 
 USDGBP   -0.048269 
 EURNZD   -0.048427 
 GBPSGD   -0.072629 
 CADCHF   -0.093785 
 
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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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