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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 
 AUDSGD   0.670771 
 AUDCHF   0.636313 
 USDTRY   0.629907 
 AUDNZD   0.598368 
 NZDCHF   0.591625 
 USDCHF   0.565798 
 EURTRY   0.560811 
 SGDCHF   0.558526 
 EURCHF   0.531295 
 AUDUSD   0.530823 
 AUDHKD   0.524520 
 AUDJPY   0.497621 
 GBPCHF   0.431292 
 ZARJPY   0.428367 
 CADCHF   0.365568 
 HKDJPY   0.358722 
 NZDJPY   0.356605 
 SGDJPY   0.332979 
 EURGBP   0.325927 
 USDJPY   0.325498 
 USDINR   0.323311 
 EURRUB   0.283660 
 USDGBP   0.254549 
 NZDUSD   0.230875 
 
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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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