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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   0.858393 
 AUDNZD   0.676658 
 AUDCHF   0.672831 
 AUDJPY   0.625311 
 EURGBP   0.608328 
 BTCUSD   0.603109 
 USDGBP   0.589278 
 EURNZD   0.487431 
 USDNZD   0.466147 
 USDCAD   0.412325 
 USDCHF   0.385352 
 USDJPY   0.265359 
 EURCHF   0.252591 
 CADCHF   0.199764 
 USDDKK   0.180781 
 USDEUR   0.165510 
 EURJPY   0.104481 
 EURCAD   0.071644 
 USDSGD   0.068412 
 GBPNZD   0.053097 
 CADJPY   0.046285 
 EURUSD   -0.165412 
 GBPCHF   -0.233862 
 CHFJPY   -0.276115 
 
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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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