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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   0.938922 
 NZDUSD   0.918375 
 NZDCHF   0.905729 
 GBPUSD   0.905715 
 AUDCHF   0.905042 
 NZDCAD   0.898667 
 AUDJPY   0.890926 
 NZDJPY   0.884148 
 BTCUSD   0.881076 
 EURCHF   0.863242 
 GBPJPY   0.816630 
 GBPCHF   0.763366 
 GBPSGD   0.759347 
 EURUSD   0.751748 
 EURJPY   0.676121 
 GBPCAD   0.676033 
 CADJPY   0.623537 
 CADCHF   0.554444 
 CHFJPY   0.303318 
 EURCAD   0.215027 
 USDJPY   -0.295040 
 USDCHF   -0.439667 
 EURGBP   -0.472407 
 EURRUB   -0.478794 
 
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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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