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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

  Period, days
 GBPAUD   -0.832503 
 EURAUD   -0.752358 
 EURNOK   -0.685840 
 USDNOK   -0.665049 
 USDMXN   -0.626682 
 USDAUD   -0.622515 
 SGDCHF   -0.614524 
 USDTRY   -0.601604 
 HKDJPY   -0.557871 
 USDJPY   -0.547364 
 GBPCHF   -0.518185 
 USDCHF   -0.512393 
 GBPNZD   -0.491079 
 USDCZK   -0.490302 
 USDSEK   -0.472735 
 USDNZD   -0.472094 
 USDEUR   -0.461277 
 USDDKK   -0.453479 
 EURTRY   -0.431099 
 EURCZK   -0.428055 
 USDGBP   -0.389894 
 USDCAD   -0.374706 
 EURNZD   -0.346104 
 USDSGD   -0.338626 
 CADCHF   -0.319346 
77 rows returned

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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