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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   0.877094 
 AUDUSD   0.853005 
 NZDUSD   0.851823 
 AUDCHF   0.795805 
 NZDCHF   0.749304 
 NZDJPY   0.673091 
 AUDJPY   0.582136 
 EURUSD   0.458288 
 EURRUB   0.411035 
 USDRUB   0.281012 
 EURGBP   0.280580 
 EURCHF   0.193760 
 CADCHF   0.122399 
 USDGBP   0.107567 
 EURCAD   -0.042572 
 GBPUSD   -0.098014 
 CADJPY   -0.176326 
 GBPCHF   -0.216682 
 EURJPY   -0.262266 
 BTCUSD   -0.292162 
 GBPJPY   -0.313742 
 GBPCAD   -0.315080 
 GBPSGD   -0.326018 
 CHFJPY   -0.341749 
 
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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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