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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   0.854670 
 AUDNZD   0.681688 
 AUDCHF   0.658435 
 AUDJPY   0.625517 
 EURGBP   0.609929 
 BTCUSD   0.604046 
 USDGBP   0.588126 
 EURNZD   0.488565 
 USDNZD   0.461082 
 USDCAD   0.370332 
 USDCHF   0.314079 
 USDJPY   0.247953 
 EURCHF   0.198252 
 USDDKK   0.153334 
 CADCHF   0.141000 
 USDEUR   0.137514 
 EURJPY   0.106702 
 EURCAD   0.081070 
 CADJPY   0.040993 
 GBPNZD   0.027415 
 USDSGD   -0.011806 
 EURUSD   -0.137609 
 CHFJPY   -0.164743 
 GBPCHF   -0.278766 
 
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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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