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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   -0.882122 
 USDNZD   -0.792856 
 EURNZD   -0.758369 
 EURAUD   -0.750386 
 USDGBP   -0.707094 
 GBPAUD   -0.692569 
 USDSGD   -0.605073 
 EURGBP   -0.480363 
 USDCAD   -0.377132 
 GBPNZD   -0.260126 
 EURCAD   -0.167492 
 USDDKK   -0.154508 
 USDEUR   -0.136768 
 USDCHF   -0.120756 
 USDJPY   -0.000777 
 EURCHF   0.096721 
 EURUSD   0.139698 
 CHFJPY   0.185676 
 EURJPY   0.191118 
 USDRUB   0.281621 
 CADCHF   0.285793 
 CADJPY   0.342509 
 EURRUB   0.371700 
 GBPSGD   0.545064 
 AUDNZD   0.577352 
 
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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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