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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
 USDSGD   -0.857552 
 USDAUD   -0.857395 
 EURAUD   -0.794506 
 EURRUB   -0.750230 
 USDGBP   -0.715158 
 EURGBP   -0.689133 
 USDRUB   -0.672117 
 EURCAD   -0.386812 
 EURUSD   -0.304921 
 EURNZD   -0.270839 
 USDCAD   -0.223634 
 NZDCAD   -0.140564 
 BTCUSD   -0.128512 
 NZDUSD   -0.018082 
 USDNZD   0.016134 
 GBPAUD   0.267445 
 USDEUR   0.305583 
 USDDKK   0.378268 
 GBPNZD   0.533050 
 CHFJPY   0.542941 
 GBPSGD   0.578860 
 CADCHF   0.589982 
 USDCHF   0.610283 
 NZDCHF   0.636451 
 EURCHF   0.637283 
 
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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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