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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
 EURAUD   -0.978717 
 USDAUD   -0.977991 
 USDSGD   -0.957169 
 USDNZD   -0.945552 
 EURNZD   -0.910079 
 BTCUSD   -0.868732 
 USDGBP   -0.735765 
 EURGBP   -0.621786 
 USDDKK   -0.611979 
 USDEUR   -0.578953 
 GBPAUD   -0.472319 
 USDCAD   -0.447763 
 USDRUB   -0.340222 
 GBPNZD   -0.200201 
 EURRUB   0.011635 
 EURCAD   0.244910 
 GBPSGD   0.372530 
 USDCHF   0.526616 
 EURUSD   0.579776 
 CHFJPY   0.611024 
 GBPCAD   0.616202 
 AUDNZD   0.725793 
 CADCHF   0.729068 
 GBPCHF   0.729853 
 GBPUSD   0.733536 
 
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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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