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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   0.952099 
 AUDCHF   0.935212 
 AUDJPY   0.908676 
 NZDCAD   0.899374 
 BTCUSD   0.884635 
 AUDNZD   0.878033 
 NZDUSD   0.870621 
 NZDCHF   0.866168 
 NZDJPY   0.789762 
 GBPUSD   0.773603 
 GBPJPY   0.658472 
 EURUSD   0.628376 
 GBPCAD   0.611426 
 GBPCHF   0.600391 
 GBPSGD   0.584822 
 EURCHF   0.513457 
 EURJPY   0.486860 
 EURRUB   0.230246 
 EURCAD   0.198464 
 CADCHF   0.052040 
 CADJPY   0.050745 
 CHFJPY   0.022021 
 USDRUB   -0.106965 
 GBPNZD   -0.344107 
 
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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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