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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   0.969203 
 EURCAD   0.887867 
 EURUSD   0.808460 
 AUDUSD   0.752570 
 EURGBP   0.751259 
 NZDUSD   0.750298 
 EURRUB   0.528642 
 CHFJPY   0.512580 
 USDCAD   0.455853 
 GBPCAD   0.337162 
 USDRUB   0.295761 
 NZDJPY   0.233831 
 AUDJPY   0.205343 
 EURJPY   0.136802 
 BTCUSD   0.085416 
 USDGBP   0.043055 
 GBPUSD   -0.039598 
 AUDNZD   -0.168383 
 EURAUD   -0.266017 
 NZDCHF   -0.315997 
 EURNZD   -0.320067 
 AUDCHF   -0.395266 
 GBPJPY   -0.425140 
 GBPSGD   -0.451135 
 
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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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