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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
 USDSGD   -0.928482 
 USDAUD   -0.923351 
 USDNZD   -0.912408 
 EURNZD   -0.902176 
 USDGBP   -0.887032 
 GBPNZD   -0.862559 
 EURAUD   -0.829390 
 USDCAD   -0.741017 
 USDEUR   -0.730754 
 GBPAUD   -0.722506 
 USDDKK   -0.722404 
 USDRUB   -0.720083 
 EURRUB   -0.622196 
 AUDNZD   -0.586404 
 EURGBP   -0.498256 
 USDCHF   -0.403709 
 USDJPY   -0.278765 
 EURCAD   0.189947 
 CHFJPY   0.263424 
 CADCHF   0.574742 
 CADJPY   0.587019 
 EURJPY   0.641867 
 GBPCAD   0.670379 
 EURUSD   0.723610 
 GBPSGD   0.735199 
 
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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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