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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   0.852486 
 AUDCHF   0.667186 
 AUDNZD   0.646902 
 EURGBP   0.634572 
 AUDJPY   0.616311 
 USDGBP   0.604558 
 BTCUSD   0.576491 
 EURNZD   0.449132 
 USDNZD   0.433730 
 USDCHF   0.413187 
 USDCAD   0.411829 
 EURCHF   0.294105 
 USDJPY   0.272966 
 CADCHF   0.234043 
 USDDKK   0.170092 
 USDEUR   0.156714 
 EURJPY   0.120335 
 USDSGD   0.110122 
 EURCAD   0.078886 
 CADJPY   0.056285 
 GBPNZD   -0.024921 
 EURUSD   -0.157264 
 GBPCHF   -0.222137 
 NZDCHF   -0.228098 
 
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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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