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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
 USDZAR   -0.951519 
 GBPZAR   -0.947095 
 CHFZAR   -0.936810 
 EURZAR   -0.936508 
 GBPNZD   -0.903572 
 USDNZD   -0.892182 
 USDHKD   -0.865055 
 EURNZD   -0.854882 
 GBPAUD   -0.827562 
 USDPLN   -0.826744 
 USDCZK   -0.822174 
 USDDKK   -0.816521 
 USDEUR   -0.812553 
 USDSGD   -0.804619 
 USDSEK   -0.803988 
 USDAUD   -0.792233 
 USDRUB   -0.772431 
 EURPLN   -0.770380 
 USDNOK   -0.756606 
 USDCNH   -0.748207 
 USDMXN   -0.723029 
 USDINR   -0.694835 
 EURSEK   -0.672070 
 EURNOK   -0.670130 
 EURCZK   -0.667527 
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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