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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
 USDAUD   -0.928630 
 USDNZD   -0.836362 
 USDGBP   -0.796733 
 USDSGD   -0.795785 
 EURAUD   -0.752050 
 USDDKK   -0.712005 
 USDCAD   -0.704102 
 USDEUR   -0.700114 
 GBPAUD   -0.646127 
 USDRUB   -0.544728 
 EURNZD   -0.538550 
 EURGBP   -0.460894 
 EURRUB   -0.263721 
 EURCAD   -0.121702 
 USDCHF   -0.111743 
 USDJPY   -0.082309 
 GBPNZD   0.072886 
 CHFJPY   0.102464 
 CADCHF   0.176258 
 EURCHF   0.205901 
 CADJPY   0.241381 
 EURJPY   0.325591 
 GBPCHF   0.346374 
 NZDCHF   0.362733 
 GBPJPY   0.412349 
 
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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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