The following tables represents the correlation between the various parities of the foreign exchange market.
The correlation coefficient highlights the similarity of the movements between two parities.
- If the correlation is high (above 80) and positive then the currencies move in the same way.
- If the correlation is high (above 80) and negative then the currencies move in the opposite way.
- If the correlation is low (below 60) then the currencies don't move in the same way.
EURUSD
Daily
4 hours
Hourly
15 min
5 min
EURUSD | GBPUSD | NZDUSD | AUDUSD | NZDCAD | GBPCAD | EURCAD | GBPAUD | EURAUD | NZDCHF | AUDCAD | EURGBP | NZDJPY | CHFJPY | GBPCHF | AUDCHF | EURCHF | AUDJPY | GBPNZD | GBPJPY | EURJPY | CADCHF | EURNZD | AUDNZD | CADJPY | USDJPY | USDCHF | USDCAD | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EURUSD | 97 | 94 | 79 | 71 | 63 | 62 | 37 | 28 | 6 | 6 | -32 | -33 | -42 | -43 | -46 | -50 | -55 | -56 | -57 | -60 | -63 | -65 | -66 | -71 | -87 | -90 | -93 | |
GBPUSD | 97 | 94 | 75 | 73 | 74 | 60 | 47 | 30 | 1 | 3 | -54 | -35 | -42 | -41 | -51 | -56 | -58 | -49 | -55 | -64 | -68 | -69 | -70 | -73 | -87 | -91 | -90 | |
NZDUSD | 94 | 94 | 79 | 88 | 70 | 66 | 32 | 19 | 11 | 16 | -40 | -26 | -37 | -56 | -50 | -65 | -55 | -76 | -61 | -66 | -77 | -87 | -75 | -77 | -87 | -94 | -84 | |
AUDUSD | 79 | 75 | 79 | 69 | 54 | 60 | -24 | -37 | 54 | 62 | -19 | 12 | -20 | -9 | 10 | -15 | -3 | -60 | -20 | -23 | -34 | -63 | -19 | -36 | -53 | -58 | -68 | |
NZDCAD | 71 | 73 | 88 | 69 | 80 | 81 | 15 | 1 | 18 | 39 | -39 | -5 | -18 | -58 | -41 | -66 | -39 | -86 | -48 | -53 | -84 | -95 | -67 | -69 | -68 | -79 | -50 | |
GBPCAD | 63 | 74 | 70 | 54 | 80 | 83 | 36 | 11 | 5 | 32 | -71 | -9 | -14 | -28 | -37 | -51 | -34 | -38 | -27 | -41 | -73 | -66 | -54 | -59 | -57 | -67 | -39 | |
EURCAD | 62 | 60 | 66 | 60 | 81 | 83 | 8 | 0 | 19 | 49 | -19 | 5 | -6 | -31 | -21 | -34 | -19 | -54 | -23 | -25 | -65 | -57 | -40 | -49 | -46 | -57 | -30 | |
GBPAUD | 37 | 47 | 32 | -24 | 15 | 36 | 8 | 93 | -70 | -77 | -54 | -67 | -34 | -48 | -87 | -63 | -82 | 8 | -54 | -63 | -54 | -17 | -77 | -59 | -57 | -56 | -41 | |
EURAUD | 28 | 30 | 19 | -37 | 1 | 11 | 0 | 93 | -75 | -87 | -18 | -69 | -32 | -51 | -85 | -53 | -79 | 9 | -55 | -55 | -42 | 0 | -71 | -50 | -49 | -45 | -34 | |
NZDCHF | 6 | 1 | 11 | 54 | 18 | 5 | 19 | -70 | -75 | 74 | 15 | 51 | -4 | 58 | 74 | 57 | 53 | -25 | 32 | 33 | 39 | -16 | 42 | 25 | 18 | 25 | 1 | |
AUDCAD | 6 | 3 | 16 | 62 | 39 | 32 | 49 | -77 | -87 | 74 | 6 | 63 | 25 | 29 | 63 | 29 | 60 | -34 | 37 | 36 | 5 | -28 | 42 | 19 | 20 | 11 | 15 | |
EURGBP | -32 | -54 | -40 | -19 | -39 | -71 | -19 | -54 | -18 | 15 | 6 | 23 | 17 | 11 | 38 | 47 | 37 | -2 | 19 | 41 | 45 | 43 | 43 | 42 | 41 | 44 | 30 | |
NZDJPY | -33 | -35 | -26 | 12 | -5 | -9 | 5 | -67 | -69 | 51 | 63 | 23 | 84 | 40 | 63 | 44 | 89 | -1 | 86 | 86 | 33 | 9 | 55 | 76 | 70 | 44 | 42 | |
CHFJPY | -42 | -42 | -37 | -20 | -18 | -14 | -6 | -34 | -32 | -4 | 25 | 17 | 84 | 10 | 26 | 15 | 71 | 16 | 81 | 79 | 14 | 21 | 38 | 73 | 70 | 35 | 49 | |
GBPCHF | -43 | -41 | -56 | -9 | -58 | -28 | -31 | -48 | -51 | 58 | 29 | 11 | 40 | 10 | 85 | 93 | 67 | 65 | 67 | 65 | 87 | 63 | 81 | 67 | 62 | 75 | 38 | |
AUDCHF | -46 | -51 | -50 | 10 | -41 | -37 | -21 | -87 | -85 | 74 | 63 | 38 | 63 | 26 | 85 | 90 | 87 | 31 | 70 | 74 | 80 | 45 | 92 | 73 | 69 | 75 | 46 | |
EURCHF | -50 | -56 | -65 | -15 | -66 | -51 | -34 | -63 | -53 | 57 | 29 | 47 | 44 | 15 | 93 | 90 | 73 | 57 | 67 | 73 | 94 | 72 | 88 | 75 | 70 | 83 | 45 | |
AUDJPY | -55 | -58 | -55 | -3 | -39 | -34 | -19 | -82 | -79 | 53 | 60 | 37 | 89 | 71 | 67 | 87 | 73 | 30 | 93 | 95 | 66 | 44 | 87 | 90 | 86 | 73 | 58 | |
GBPNZD | -56 | -49 | -76 | -60 | -86 | -38 | -54 | 8 | 9 | -25 | -34 | -2 | -1 | 16 | 65 | 31 | 57 | 30 | 50 | 46 | 66 | 90 | 57 | 55 | 56 | 65 | 43 | |
GBPJPY | -57 | -55 | -61 | -20 | -48 | -27 | -23 | -54 | -55 | 32 | 37 | 19 | 86 | 81 | 67 | 70 | 67 | 93 | 50 | 97 | 62 | 53 | 77 | 94 | 89 | 71 | 59 | |
EURJPY | -60 | -64 | -66 | -23 | -53 | -41 | -25 | -63 | -55 | 33 | 36 | 41 | 86 | 79 | 65 | 74 | 73 | 95 | 46 | 97 | 68 | 60 | 81 | 97 | 92 | 76 | 62 | |
CADCHF | -63 | -68 | -77 | -34 | -84 | -73 | -65 | -54 | -42 | 39 | 5 | 45 | 33 | 14 | 87 | 80 | 94 | 66 | 66 | 62 | 68 | 80 | 86 | 79 | 74 | 89 | 47 | |
EURNZD | -65 | -69 | -87 | -63 | -95 | -66 | -57 | -17 | 0 | -16 | -28 | 43 | 9 | 21 | 63 | 45 | 72 | 44 | 90 | 53 | 60 | 80 | 71 | 68 | 69 | 78 | 53 | |
AUDNZD | -66 | -70 | -75 | -19 | -67 | -54 | -40 | -77 | -71 | 42 | 42 | 43 | 55 | 38 | 81 | 92 | 88 | 87 | 57 | 77 | 81 | 86 | 71 | 84 | 83 | 87 | 61 | |
CADJPY | -71 | -73 | -77 | -36 | -69 | -59 | -49 | -59 | -50 | 25 | 19 | 42 | 76 | 73 | 67 | 73 | 75 | 90 | 55 | 94 | 97 | 79 | 68 | 84 | 95 | 83 | 63 | |
USDJPY | -87 | -87 | -87 | -53 | -68 | -57 | -46 | -57 | -49 | 18 | 20 | 41 | 70 | 70 | 62 | 69 | 70 | 86 | 56 | 89 | 92 | 74 | 69 | 83 | 95 | 91 | 84 | |
USDCHF | -90 | -91 | -94 | -58 | -79 | -67 | -57 | -56 | -45 | 25 | 11 | 44 | 44 | 35 | 75 | 75 | 83 | 73 | 65 | 71 | 76 | 89 | 78 | 87 | 83 | 91 | 83 | |
USDCAD | -93 | -90 | -84 | -68 | -50 | -39 | -30 | -41 | -34 | 1 | 15 | 30 | 42 | 49 | 38 | 46 | 45 | 58 | 43 | 59 | 62 | 47 | 53 | 61 | 63 | 84 | 83 |
EURUSD | GBPUSD | NZDUSD | AUDUSD | NZDCAD | GBPCAD | EURCAD | GBPAUD | EURAUD | NZDCHF | AUDCAD | EURGBP | NZDJPY | CHFJPY | GBPCHF | AUDCHF | EURCHF | AUDJPY | GBPNZD | GBPJPY | EURJPY | CADCHF | EURNZD | AUDNZD | CADJPY | USDJPY | USDCHF | USDCAD | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EURUSD | 59 | 97 | 97 | 91 | -22 | 53 | -95 | -91 | 77 | 95 | 70 | -20 | -49 | -87 | 74 | -75 | -22 | -91 | -72 | -61 | -84 | -91 | 2 | -69 | -77 | -95 | -57 | |
GBPUSD | 59 | 58 | 66 | 27 | -19 | -25 | -41 | -69 | 33 | 38 | -17 | -24 | -37 | -25 | 53 | -60 | -18 | -30 | -37 | -48 | -19 | -55 | 38 | -35 | -55 | -63 | -88 | |
NZDUSD | 97 | 58 | 98 | 92 | -34 | 44 | -96 | -95 | 83 | 93 | 67 | -10 | -40 | -89 | 73 | -82 | -13 | -95 | -67 | -56 | -82 | -98 | -10 | -62 | -72 | -97 | -62 | |
AUDUSD | 97 | 66 | 98 | 86 | -33 | 38 | -96 | -98 | 78 | 92 | 60 | -19 | -48 | -84 | 80 | -81 | -19 | -90 | -70 | -62 | -77 | -94 | 11 | -66 | -77 | -96 | -68 | |
NZDCAD | 91 | 27 | 92 | 86 | -10 | 74 | -94 | -79 | 82 | 97 | 87 | -5 | -35 | -92 | 63 | -67 | -12 | -97 | -64 | -47 | -94 | -89 | -26 | -63 | -63 | -86 | -26 | |
GBPCAD | -22 | -19 | -34 | -33 | -10 | 42 | 33 | 41 | -26 | -9 | -9 | -10 | 0 | 33 | -22 | 46 | -9 | 33 | 13 | 12 | -1 | 43 | 4 | -1 | 16 | 35 | 64 | |
EURCAD | 53 | -25 | 44 | 38 | 74 | 42 | -56 | -25 | 46 | 70 | 86 | -8 | -25 | -60 | 29 | -12 | -14 | -60 | -43 | -23 | -79 | -35 | -27 | -50 | -34 | -37 | 40 | |
GBPAUD | -95 | -41 | -96 | -96 | -94 | 33 | -56 | 93 | -81 | -97 | -79 | 14 | 44 | 92 | -77 | 75 | 16 | 97 | 71 | 56 | 86 | 93 | 1 | 67 | 73 | 92 | 48 | |
EURAUD | -91 | -69 | -95 | -98 | -79 | 41 | -25 | 93 | -75 | -87 | -50 | 18 | 45 | 79 | -82 | 82 | 16 | 85 | 66 | 60 | 69 | 94 | -18 | 61 | 74 | 93 | 74 | |
NZDCHF | 77 | 33 | 83 | 78 | 82 | -26 | 46 | -81 | -75 | 79 | 65 | 30 | -4 | -63 | 82 | -41 | 27 | -84 | -29 | -14 | -58 | -83 | -23 | -26 | -33 | -65 | -38 | |
AUDCAD | 95 | 38 | 93 | 92 | 97 | -9 | 70 | -97 | -87 | 79 | 81 | -17 | -46 | -89 | 75 | -67 | -19 | -94 | -71 | -56 | -91 | -87 | 0 | -70 | -72 | -88 | -34 | |
EURGBP | 70 | -17 | 67 | 60 | 87 | -9 | 86 | -79 | -50 | 65 | 81 | -3 | -27 | -84 | 43 | -39 | -11 | -85 | -55 | -32 | -86 | -62 | -32 | -54 | -46 | -60 | 9 | |
NZDJPY | -20 | -24 | -10 | -19 | -5 | -10 | -8 | 14 | 18 | 30 | -17 | -3 | 94 | 21 | 3 | 31 | 98 | 2 | 79 | 88 | 25 | 2 | -44 | 81 | 76 | 26 | 14 | |
CHFJPY | -49 | -37 | -40 | -48 | -35 | 0 | -25 | 44 | 45 | -4 | -46 | -27 | 94 | 45 | -26 | 49 | 94 | 33 | 93 | 97 | 48 | 32 | -37 | 94 | 92 | 52 | 28 | |
GBPCHF | -87 | -25 | -89 | -84 | -92 | 33 | -60 | 92 | 79 | -63 | -89 | -84 | 21 | 45 | -46 | 83 | 28 | 95 | 75 | 60 | 94 | 88 | 24 | 71 | 73 | 91 | 36 | |
AUDCHF | 74 | 53 | 73 | 80 | 63 | -22 | 29 | -77 | -82 | 82 | 75 | 43 | 3 | -26 | -46 | -34 | 10 | -65 | -38 | -30 | -41 | -69 | 37 | -36 | -46 | -60 | -52 | |
EURCHF | -75 | -60 | -82 | -81 | -67 | 46 | -12 | 75 | 82 | -41 | -67 | -39 | 31 | 49 | 83 | -34 | 36 | 74 | 70 | 68 | 71 | 85 | 8 | 64 | 76 | 92 | 69 | |
AUDJPY | -22 | -18 | -13 | -19 | -12 | -9 | -14 | 16 | 16 | 27 | -19 | -11 | 98 | 94 | 28 | 10 | 36 | 9 | 81 | 88 | 32 | 7 | -27 | 83 | 77 | 30 | 10 | |
GBPNZD | -91 | -30 | -95 | -90 | -97 | 33 | -60 | 97 | 85 | -84 | -94 | -85 | 2 | 33 | 95 | -65 | 74 | 9 | 64 | 47 | 89 | 94 | 26 | 60 | 64 | 89 | 40 | |
GBPJPY | -72 | -37 | -67 | -70 | -64 | 13 | -43 | 71 | 66 | -29 | -71 | -55 | 79 | 93 | 75 | -38 | 70 | 81 | 64 | 97 | 74 | 60 | -18 | 99 | 98 | 76 | 36 | |
EURJPY | -61 | -48 | -56 | -62 | -47 | 12 | -23 | 56 | 60 | -14 | -56 | -32 | 88 | 97 | 60 | -30 | 68 | 88 | 47 | 97 | 59 | 50 | -30 | 96 | 97 | 68 | 44 | |
CADCHF | -84 | -19 | -82 | -77 | -94 | -1 | -79 | 86 | 69 | -58 | -91 | -86 | 25 | 48 | 94 | -41 | 71 | 32 | 89 | 74 | 59 | 78 | 24 | 75 | 71 | 84 | 15 | |
EURNZD | -91 | -55 | -98 | -94 | -89 | 43 | -35 | 93 | 94 | -83 | -87 | -62 | 2 | 32 | 88 | -69 | 85 | 7 | 94 | 60 | 50 | 78 | 18 | 54 | 66 | 94 | 64 | |
AUDNZD | 2 | 38 | -10 | 11 | -26 | 4 | -27 | 1 | -18 | -23 | 0 | -32 | -44 | -37 | 24 | 37 | 8 | -27 | 26 | -18 | -30 | 24 | 18 | -19 | -25 | 3 | -28 | |
CADJPY | -69 | -35 | -62 | -66 | -63 | -1 | -50 | 67 | 61 | -26 | -70 | -54 | 81 | 94 | 71 | -36 | 64 | 83 | 60 | 99 | 96 | 75 | 54 | -19 | 97 | 71 | 26 | |
USDJPY | -77 | -55 | -72 | -77 | -63 | 16 | -34 | 73 | 74 | -33 | -72 | -46 | 76 | 92 | 73 | -46 | 76 | 77 | 64 | 98 | 97 | 71 | 66 | -25 | 97 | 82 | 50 | |
USDCHF | -95 | -63 | -97 | -96 | -86 | 35 | -37 | 92 | 93 | -65 | -88 | -60 | 26 | 52 | 91 | -60 | 92 | 30 | 89 | 76 | 68 | 84 | 94 | 3 | 71 | 82 | 66 | |
USDCAD | -57 | -88 | -62 | -68 | -26 | 64 | 40 | 48 | 74 | -38 | -34 | 9 | 14 | 28 | 36 | -52 | 69 | 10 | 40 | 36 | 44 | 15 | 64 | -28 | 26 | 50 | 66 |
EURUSD | GBPUSD | NZDUSD | AUDUSD | NZDCAD | GBPCAD | EURCAD | GBPAUD | EURAUD | NZDCHF | AUDCAD | EURGBP | NZDJPY | CHFJPY | GBPCHF | AUDCHF | EURCHF | AUDJPY | GBPNZD | GBPJPY | EURJPY | CADCHF | EURNZD | AUDNZD | CADJPY | USDJPY | USDCHF | USDCAD | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EURUSD | 93 | 91 | 90 | -64 | 17 | -73 | -54 | -79 | 56 | 51 | -81 | -63 | -72 | 86 | 81 | 17 | -4 | 72 | -41 | -71 | 82 | -49 | 78 | -41 | -85 | -88 | -90 | |
GBPUSD | 93 | 92 | 96 | -78 | 15 | -89 | -55 | -90 | 56 | 51 | -97 | -71 | -79 | 95 | 88 | 0 | -7 | 84 | -44 | -82 | 92 | -61 | 87 | -43 | -91 | -89 | -98 | |
NZDUSD | 91 | 92 | 92 | -55 | 5 | -82 | -63 | -86 | 76 | 53 | -85 | -51 | -68 | 86 | 86 | 5 | 11 | 57 | -35 | -70 | 87 | -81 | 74 | -31 | -81 | -85 | -92 | |
AUDUSD | 90 | 96 | 92 | -66 | 21 | -82 | -77 | -98 | 62 | 72 | -92 | -72 | -83 | 92 | 97 | 4 | 2 | 75 | -53 | -85 | 87 | -66 | 94 | -52 | -92 | -84 | -92 | |
NZDCAD | -64 | -78 | -55 | -66 | 21 | 87 | 19 | 62 | -8 | -7 | 82 | 66 | 59 | -71 | -55 | 27 | 23 | -89 | 33 | 66 | -81 | 24 | -67 | 22 | 70 | 74 | 83 | |
GBPCAD | 17 | 15 | 5 | 21 | 21 | 23 | -27 | -21 | 13 | 61 | -12 | -33 | -34 | 27 | 30 | 41 | -13 | 25 | -30 | -25 | -9 | 15 | 32 | -55 | -25 | 4 | 7 | |
EURCAD | -73 | -89 | -82 | -82 | 87 | 23 | 41 | 81 | -46 | -25 | 94 | 58 | 65 | -82 | -74 | 27 | 3 | -76 | 32 | 73 | -94 | 68 | -73 | 21 | 78 | 82 | 95 | |
GBPAUD | -54 | -55 | -63 | -77 | 19 | -27 | 41 | 83 | -53 | -93 | 52 | 52 | 63 | -55 | -84 | -11 | -19 | -31 | 54 | 62 | -47 | 54 | -80 | 55 | 64 | 46 | 50 | |
EURAUD | -79 | -90 | -86 | -98 | 62 | -21 | 81 | 83 | -60 | -76 | 91 | 72 | 82 | -88 | -97 | 3 | -4 | -72 | 55 | 85 | -83 | 69 | -96 | 54 | 89 | 77 | 86 | |
NZDCHF | 56 | 56 | 76 | 62 | -8 | 13 | -46 | -53 | -60 | 49 | -51 | -19 | -49 | 67 | 70 | 49 | 22 | 14 | -19 | -41 | 65 | -80 | 41 | -20 | -48 | -30 | -54 | |
AUDCAD | 51 | 51 | 53 | 72 | -7 | 61 | -25 | -93 | -76 | 49 | -47 | -55 | -65 | 56 | 81 | 25 | 10 | 35 | -56 | -61 | 35 | -39 | 79 | -67 | -62 | -36 | -38 | |
EURGBP | -81 | -97 | -85 | -92 | 82 | -12 | 94 | 52 | 91 | -51 | -47 | 71 | 78 | -94 | -86 | 13 | 8 | -86 | 43 | 83 | -92 | 64 | -86 | 41 | 88 | 83 | 95 | |
NZDJPY | -63 | -71 | -51 | -72 | 66 | -33 | 58 | 52 | 72 | -19 | -55 | 71 | 95 | -72 | -72 | -4 | 63 | -80 | 90 | 96 | -62 | 18 | -82 | 88 | 92 | 57 | 65 | |
CHFJPY | -72 | -79 | -68 | -83 | 59 | -34 | 65 | 63 | 82 | -49 | -65 | 78 | 95 | -84 | -85 | -20 | 50 | -74 | 87 | 98 | -75 | 41 | -85 | 86 | 96 | 58 | 73 | |
GBPCHF | 86 | 95 | 86 | 92 | -71 | 27 | -82 | -55 | -88 | 67 | 56 | -94 | -72 | -84 | 92 | 23 | -10 | 82 | -47 | -82 | 94 | -58 | 85 | -49 | -89 | -70 | -90 | |
AUDCHF | 81 | 88 | 86 | 97 | -55 | 30 | -74 | -84 | -97 | 70 | 81 | -86 | -72 | -85 | 92 | 20 | 3 | 69 | -56 | -84 | 84 | -64 | 94 | -58 | -88 | -68 | -83 | |
EURCHF | 17 | 0 | 5 | 4 | 27 | 41 | 27 | -11 | 3 | 49 | 25 | 13 | -4 | -20 | 23 | 20 | -4 | -8 | -11 | 0 | 9 | 14 | 2 | -22 | -5 | 33 | 9 | |
AUDJPY | -4 | -7 | 11 | 2 | 23 | -13 | 3 | -19 | -4 | 22 | 10 | 8 | 63 | 50 | -10 | 3 | -4 | -29 | 73 | 49 | -5 | -29 | -6 | 67 | 38 | 1 | 4 | |
GBPNZD | 72 | 84 | 57 | 75 | -89 | 25 | -76 | -31 | -72 | 14 | 35 | -86 | -80 | -74 | 82 | 69 | -8 | -29 | -46 | -77 | 76 | -17 | 81 | -48 | -81 | -71 | -79 | |
GBPJPY | -41 | -44 | -35 | -53 | 33 | -30 | 32 | 54 | 55 | -19 | -56 | 43 | 90 | 87 | -47 | -56 | -11 | 73 | -46 | 86 | -37 | 14 | -62 | 96 | 78 | 33 | 38 | |
EURJPY | -71 | -82 | -70 | -85 | 66 | -25 | 73 | 62 | 85 | -41 | -61 | 83 | 96 | 98 | -82 | -84 | 0 | 49 | -77 | 86 | -76 | 45 | -87 | 82 | 98 | 67 | 77 | |
CADCHF | 82 | 92 | 87 | 87 | -81 | -9 | -94 | -47 | -83 | 65 | 35 | -92 | -62 | -75 | 94 | 84 | 9 | -5 | 76 | -37 | -76 | -66 | 76 | -30 | -82 | -74 | -95 | |
EURNZD | -49 | -61 | -81 | -66 | 24 | 15 | 68 | 54 | 69 | -80 | -39 | 64 | 18 | 41 | -58 | -64 | 14 | -29 | -17 | 14 | 45 | -66 | -44 | 8 | 49 | 54 | 65 | |
AUDNZD | 78 | 87 | 74 | 94 | -67 | 32 | -73 | -80 | -96 | 41 | 79 | -86 | -82 | -85 | 85 | 94 | 2 | -6 | 81 | -62 | -87 | 76 | -44 | -63 | -90 | -73 | -80 | |
CADJPY | -41 | -43 | -31 | -52 | 22 | -55 | 21 | 55 | 54 | -20 | -67 | 41 | 88 | 86 | -49 | -58 | -22 | 67 | -48 | 96 | 82 | -30 | 8 | -63 | 75 | 28 | 31 | |
USDJPY | -85 | -91 | -81 | -92 | 70 | -25 | 78 | 64 | 89 | -48 | -62 | 88 | 92 | 96 | -89 | -88 | -5 | 38 | -81 | 78 | 98 | -82 | 49 | -90 | 75 | 78 | 87 | |
USDCHF | -88 | -89 | -85 | -84 | 74 | 4 | 82 | 46 | 77 | -30 | -36 | 83 | 57 | 58 | -70 | -68 | 33 | 1 | -71 | 33 | 67 | -74 | 54 | -73 | 28 | 78 | 91 | |
USDCAD | -90 | -98 | -92 | -92 | 83 | 7 | 95 | 50 | 86 | -54 | -38 | 95 | 65 | 73 | -90 | -83 | 9 | 4 | -79 | 38 | 77 | -95 | 65 | -80 | 31 | 87 | 91 |
EURUSD | GBPUSD | NZDUSD | AUDUSD | NZDCAD | GBPCAD | EURCAD | GBPAUD | EURAUD | NZDCHF | AUDCAD | EURGBP | NZDJPY | CHFJPY | GBPCHF | AUDCHF | EURCHF | AUDJPY | GBPNZD | GBPJPY | EURJPY | CADCHF | EURNZD | AUDNZD | CADJPY | USDJPY | USDCHF | USDCAD | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EURUSD | 36 | 18 | 11 | -44 | -22 | -5 | 23 | 27 | -1 | -39 | 18 | 22 | 30 | 13 | -12 | 37 | 20 | 10 | 34 | 55 | 35 | 18 | -15 | 34 | 18 | -37 | -41 | |
GBPUSD | 36 | 76 | 76 | 15 | -1 | -62 | -2 | -59 | 64 | 1 | -86 | 60 | 43 | 70 | 53 | -44 | 70 | -13 | 73 | 28 | 57 | -63 | -14 | 52 | 16 | -70 | -70 | |
NZDUSD | 18 | 76 | 86 | 29 | -48 | -88 | -45 | -76 | 91 | -9 | -71 | 88 | 65 | 24 | 59 | -70 | 93 | -74 | 73 | 39 | 74 | -94 | -42 | 74 | 38 | -83 | -87 | |
AUDUSD | 11 | 76 | 86 | 37 | -24 | -72 | -67 | -93 | 78 | 32 | -74 | 56 | 30 | 34 | 86 | -65 | 76 | -54 | 43 | 0 | 53 | -82 | 10 | 42 | -5 | -72 | -69 | |
NZDCAD | -44 | 15 | 29 | 37 | 44 | 5 | -38 | -52 | 47 | 73 | -40 | 1 | -28 | 25 | 54 | -29 | 4 | -29 | -17 | -50 | -31 | -45 | 9 | -32 | -38 | 4 | 21 | |
GBPCAD | -22 | -1 | -48 | -24 | 44 | 70 | 35 | 15 | -35 | 66 | -11 | -67 | -71 | 52 | 6 | 38 | -62 | 73 | -46 | -64 | -73 | 41 | 53 | -78 | -66 | 54 | 72 | |
EURCAD | -5 | -62 | -88 | -72 | 5 | 70 | 38 | 67 | -76 | 35 | 63 | -89 | -76 | -8 | -41 | 77 | -93 | 71 | -77 | -49 | -86 | 87 | 46 | -86 | -56 | 80 | 93 | |
GBPAUD | 23 | -2 | -45 | -67 | -38 | 35 | 38 | 74 | -45 | -48 | 15 | -17 | 4 | 29 | -71 | 49 | -36 | 67 | 17 | 31 | -17 | 53 | -32 | -4 | 26 | 31 | 26 | |
EURAUD | 27 | -59 | -76 | -93 | -52 | 15 | 67 | 74 | -75 | -46 | 78 | -46 | -17 | -28 | -88 | 76 | -65 | 56 | -28 | 21 | -38 | 86 | -16 | -27 | 12 | 56 | 52 | |
NZDCHF | -1 | 64 | 91 | 78 | 47 | -35 | -76 | -45 | -75 | 4 | -68 | 76 | 43 | 38 | 69 | -54 | 78 | -73 | 58 | 22 | 69 | -91 | -40 | 57 | 26 | -52 | -69 | |
AUDCAD | -39 | 1 | -9 | 32 | 73 | 66 | 35 | -48 | -46 | 4 | -22 | -49 | -70 | 25 | 63 | -4 | -29 | 14 | -57 | -86 | -55 | -5 | 75 | -70 | -82 | 25 | 46 | |
EURGBP | 18 | -86 | -71 | -74 | -40 | -11 | 63 | 15 | 78 | -68 | -22 | -52 | -30 | -67 | -63 | 67 | -63 | 20 | -58 | 1 | -40 | 77 | 7 | -36 | -7 | 53 | 52 | |
NZDJPY | 22 | 60 | 88 | 56 | 1 | -67 | -89 | -17 | -46 | 76 | -49 | -52 | 91 | 6 | 20 | -63 | 95 | -72 | 91 | 74 | 80 | -80 | -72 | 95 | 77 | -79 | -90 | |
CHFJPY | 30 | 43 | 65 | 30 | -28 | -71 | -76 | 4 | -17 | 43 | -70 | -30 | 91 | -15 | -15 | -55 | 83 | -54 | 90 | 89 | 68 | -54 | -75 | 96 | 91 | -76 | -81 | |
GBPCHF | 13 | 70 | 24 | 34 | 25 | 52 | -8 | 29 | -28 | 38 | 25 | -67 | 6 | -15 | 47 | 11 | 13 | 36 | 29 | -12 | 21 | -19 | 13 | -3 | -21 | 2 | -12 | |
AUDCHF | -12 | 53 | 59 | 86 | 54 | 6 | -41 | -71 | -88 | 69 | 63 | -63 | 20 | -15 | 47 | -36 | 43 | -35 | 6 | -38 | 31 | -63 | 39 | 2 | -39 | -27 | -33 | |
EURCHF | 37 | -44 | -70 | -65 | -29 | 38 | 77 | 49 | 76 | -54 | -4 | 67 | -63 | -55 | 11 | -36 | -71 | 62 | -48 | -11 | -33 | 83 | 22 | -51 | -30 | 73 | 57 | |
AUDJPY | 20 | 70 | 93 | 76 | 4 | -62 | -93 | -36 | -65 | 78 | -29 | -63 | 95 | 83 | 13 | 43 | -71 | -69 | 86 | 60 | 80 | -85 | -46 | 89 | 61 | -85 | -93 | |
GBPNZD | 10 | -13 | -74 | -54 | -29 | 73 | 71 | 67 | 56 | -73 | 14 | 20 | -72 | -54 | 36 | -35 | 62 | -69 | -37 | -31 | -54 | 78 | 49 | -59 | -41 | 54 | 61 | |
GBPJPY | 34 | 73 | 73 | 43 | -17 | -46 | -77 | 17 | -28 | 58 | -57 | -58 | 91 | 90 | 29 | 6 | -48 | 86 | -37 | 81 | 75 | -61 | -67 | 92 | 79 | -73 | -84 | |
EURJPY | 55 | 28 | 39 | 0 | -50 | -64 | -49 | 31 | 21 | 22 | -86 | 1 | 74 | 89 | -12 | -38 | -11 | 60 | -31 | 81 | 63 | -20 | -77 | 86 | 92 | -52 | -66 | |
CADCHF | 35 | 57 | 74 | 53 | -31 | -73 | -86 | -17 | -38 | 69 | -55 | -40 | 80 | 68 | 21 | 31 | -33 | 80 | -54 | 75 | 63 | -61 | -50 | 86 | 58 | -58 | -91 | |
EURNZD | 18 | -63 | -94 | -82 | -45 | 41 | 87 | 53 | 86 | -91 | -5 | 77 | -80 | -54 | -19 | -63 | 83 | -85 | 78 | -61 | -20 | -61 | 37 | -62 | -31 | 69 | 73 | |
AUDNZD | -15 | -14 | -42 | 10 | 9 | 53 | 46 | -32 | -16 | -40 | 75 | 7 | -72 | -75 | 13 | 39 | 22 | -46 | 49 | -67 | -77 | -50 | 37 | -71 | -83 | 33 | 48 | |
CADJPY | 34 | 52 | 74 | 42 | -32 | -78 | -86 | -4 | -27 | 57 | -70 | -36 | 95 | 96 | -3 | 2 | -51 | 89 | -59 | 92 | 86 | 86 | -62 | -71 | 86 | -76 | -92 | |
USDJPY | 18 | 16 | 38 | -5 | -38 | -66 | -56 | 26 | 12 | 26 | -82 | -7 | 77 | 91 | -21 | -39 | -30 | 61 | -41 | 79 | 92 | 58 | -31 | -83 | 86 | -43 | -58 | |
USDCHF | -37 | -70 | -83 | -72 | 4 | 54 | 80 | 31 | 56 | -52 | 25 | 53 | -79 | -76 | 2 | -27 | 73 | -85 | 54 | -73 | -52 | -58 | 69 | 33 | -76 | -43 | 87 | |
USDCAD | -41 | -70 | -87 | -69 | 21 | 72 | 93 | 26 | 52 | -69 | 46 | 52 | -90 | -81 | -12 | -33 | 57 | -93 | 61 | -84 | -66 | -91 | 73 | 48 | -92 | -58 | 87 |
EURUSD | GBPUSD | NZDUSD | AUDUSD | NZDCAD | GBPCAD | EURCAD | GBPAUD | EURAUD | NZDCHF | AUDCAD | EURGBP | NZDJPY | CHFJPY | GBPCHF | AUDCHF | EURCHF | AUDJPY | GBPNZD | GBPJPY | EURJPY | CADCHF | EURNZD | AUDNZD | CADJPY | USDJPY | USDCHF | USDCAD | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EURUSD | 44 | -5 | 50 | -42 | -26 | 55 | -41 | 23 | -42 | 6 | 65 | -61 | -55 | 20 | 57 | 64 | -1 | 48 | -44 | 41 | 32 | 66 | 85 | -10 | -75 | -23 | -74 | |
GBPUSD | 44 | 69 | 86 | 35 | 58 | 26 | -48 | -63 | 14 | 66 | -40 | 22 | 21 | 16 | 59 | -25 | 67 | 1 | 34 | -17 | -40 | -24 | 44 | -30 | -58 | -79 | -32 | |
NZDUSD | -5 | 69 | 79 | 87 | 78 | 23 | -67 | -92 | 62 | 88 | -63 | 70 | 52 | -32 | 41 | -68 | 79 | -72 | 30 | -54 | -82 | -78 | -10 | -53 | -34 | -82 | 23 | |
AUDUSD | 50 | 86 | 79 | 47 | 55 | 46 | -86 | -73 | 21 | 84 | -23 | 21 | 13 | -13 | 76 | -25 | 74 | -25 | 4 | -27 | -52 | -27 | 53 | -51 | -71 | -84 | -22 | |
NZDCAD | -42 | 35 | 87 | 47 | 89 | 24 | -46 | -86 | 77 | 83 | -73 | 81 | 54 | -34 | 19 | -77 | 64 | -85 | 32 | -66 | -92 | -91 | -42 | -62 | -3 | -54 | 69 | |
GBPCAD | -26 | 58 | 78 | 55 | 89 | 35 | -37 | -82 | 63 | 86 | -76 | 65 | 43 | -3 | 33 | -64 | 65 | -52 | 44 | -57 | -84 | -75 | -18 | -64 | -13 | -56 | 59 | |
EURCAD | 55 | 26 | 23 | 46 | 24 | 35 | -54 | -9 | 12 | 53 | 34 | -23 | -44 | 6 | 58 | 31 | 10 | -5 | -42 | -2 | -26 | 18 | 44 | -72 | -59 | -16 | 15 | |
GBPAUD | -41 | -48 | -67 | -86 | -46 | -37 | -54 | 64 | -21 | -79 | -1 | -14 | -2 | 38 | -70 | 19 | -61 | 44 | 27 | 30 | 51 | 23 | -48 | 59 | 65 | 67 | 6 | |
EURAUD | 23 | -63 | -92 | -73 | -86 | -82 | -9 | 64 | -56 | -89 | 76 | -72 | -58 | 30 | -40 | 78 | -84 | 65 | -39 | 62 | 84 | 83 | 7 | 50 | 21 | 76 | -34 | |
NZDCHF | -42 | 14 | 62 | 21 | 77 | 63 | 12 | -21 | -56 | 53 | -55 | 75 | 27 | 13 | 31 | -38 | 49 | -72 | 38 | -33 | -45 | -73 | -51 | -31 | 21 | -6 | 59 | |
AUDCAD | 6 | 66 | 88 | 84 | 83 | 86 | 53 | -79 | -89 | 53 | -50 | 51 | 30 | -22 | 61 | -52 | 77 | -58 | 15 | -53 | -83 | -62 | 15 | -74 | -44 | -74 | 35 | |
EURGBP | 65 | -40 | -63 | -23 | -73 | -76 | 34 | -1 | 76 | -55 | -50 | -81 | -73 | 8 | 8 | 86 | -58 | 49 | -72 | 57 | 68 | 88 | 50 | 16 | -28 | 44 | -49 | |
NZDJPY | -61 | 22 | 70 | 21 | 81 | 65 | -23 | -14 | -72 | 75 | 51 | -81 | 84 | -22 | -3 | -78 | 71 | -76 | 72 | -30 | -66 | -91 | -62 | -4 | 43 | -37 | 54 | |
CHFJPY | -55 | 21 | 52 | 13 | 54 | 43 | -44 | -2 | -58 | 27 | 30 | -73 | 84 | -43 | -31 | -82 | 63 | -52 | 74 | -16 | -59 | -73 | -49 | 20 | 46 | -49 | 30 | |
GBPCHF | 20 | 16 | -32 | -13 | -34 | -3 | 6 | 38 | 30 | 13 | -22 | 8 | -22 | -43 | 39 | 58 | -8 | 59 | 29 | 44 | 56 | 37 | 23 | 27 | 11 | 48 | -19 | |
AUDCHF | 57 | 59 | 41 | 76 | 19 | 33 | 58 | -70 | -40 | 31 | 61 | 8 | -3 | -31 | 39 | 27 | 55 | 2 | -4 | 6 | -7 | 6 | 65 | -37 | -55 | -31 | -20 | |
EURCHF | 64 | -25 | -68 | -25 | -77 | -64 | 31 | 19 | 78 | -38 | -52 | 86 | -78 | -82 | 58 | 27 | -51 | 71 | -44 | 69 | 84 | 91 | 52 | 27 | -17 | 60 | -50 | |
AUDJPY | -1 | 67 | 79 | 74 | 64 | 65 | 10 | -61 | -84 | 49 | 77 | -58 | 71 | 63 | -8 | 55 | -51 | -44 | 61 | -11 | -58 | -60 | 11 | -14 | -6 | -71 | 9 | |
GBPNZD | 48 | 1 | -72 | -25 | -85 | -52 | -5 | 44 | 65 | -72 | -58 | 49 | -76 | -52 | 59 | 2 | 71 | -44 | -10 | 57 | 74 | 85 | 58 | 43 | -10 | 36 | -62 | |
GBPJPY | -44 | 34 | 30 | 4 | 32 | 44 | -42 | 27 | -39 | 38 | 15 | -72 | 72 | 74 | 29 | -4 | -44 | 61 | -10 | 15 | -21 | -50 | -35 | 41 | 57 | -17 | 18 | |
EURJPY | 41 | -17 | -54 | -27 | -66 | -57 | -2 | 30 | 62 | -33 | -53 | 57 | -30 | -16 | 44 | 6 | 69 | -11 | 57 | 15 | 71 | 66 | 29 | 71 | 29 | 45 | -50 | |
CADCHF | 32 | -40 | -82 | -52 | -92 | -84 | -26 | 51 | 84 | -45 | -83 | 68 | -66 | -59 | 56 | -7 | 84 | -58 | 74 | -21 | 71 | 82 | 27 | 68 | 17 | 72 | -58 | |
EURNZD | 66 | -24 | -78 | -27 | -91 | -75 | 18 | 23 | 83 | -73 | -62 | 88 | -91 | -73 | 37 | 6 | 91 | -60 | 85 | -50 | 66 | 82 | 62 | 33 | -22 | 47 | -64 | |
AUDNZD | 85 | 44 | -10 | 53 | -42 | -18 | 44 | -48 | 7 | -51 | 15 | 50 | -62 | -49 | 23 | 65 | 52 | 11 | 58 | -35 | 29 | 27 | 62 | -12 | -69 | -25 | -65 | |
CADJPY | -10 | -30 | -53 | -51 | -62 | -64 | -72 | 59 | 50 | -31 | -74 | 16 | -4 | 20 | 27 | -37 | 27 | -14 | 43 | 41 | 71 | 68 | 33 | -12 | 62 | 43 | -45 | |
USDJPY | -75 | -58 | -34 | -71 | -3 | -13 | -59 | 65 | 21 | 21 | -44 | -28 | 43 | 46 | 11 | -55 | -17 | -6 | -10 | 57 | 29 | 17 | -22 | -69 | 62 | 57 | 42 | |
USDCHF | -23 | -79 | -82 | -84 | -54 | -56 | -16 | 67 | 76 | -6 | -74 | 44 | -37 | -49 | 48 | -31 | 60 | -71 | 36 | -17 | 45 | 72 | 47 | -25 | 43 | 57 | 15 | |
USDCAD | -74 | -32 | 23 | -22 | 69 | 59 | 15 | 6 | -34 | 59 | 35 | -49 | 54 | 30 | -19 | -20 | -50 | 9 | -62 | 18 | -50 | -58 | -64 | -65 | -45 | 42 | 15 |
The correlation of currencies allows for better evaluation of the risk of a combination of positions. Correlation measures the relationship existing between two currency pairs. For example, it enables us to know whether two currency pairs are going to move in a similar way or not.
Two correlated currencies will have a coefficient close to 100 if they move in the same direction and of -100 if they move in opposite directions. A correlation close to 0 shows that the movements in the two currency pairs are not related.
How is it calculated?
The calculation of the correlation on this site uses the standard formula known as the "Pearson coefficient of correlation". The length of the series is given by the "Num Period" field. For further information about the calculation, you can visit the Wikipedia page: http://en.wikipedia.org/wiki/Correlation_and_dependence
How is the data used?
Management of risks
It may be important to know whether the open positions in a portfolio are correlated. If you have open trades in three currency pairs which are strongly correlated (for example EURUSD, USDCHF and USDNOK), you must anticipate the fact that if one of the positions reaches its stop-loss, then the other two are very likely to also be loss-making positions. In this case, it is important to adjust the size of the positions in order to avoid a serious loss.
Modification of the market
A modification of the correlation, principally over the long-term, may demonstrate that the market is undergoing a change. For example, if EURUSD and GBPUSD are strongly correlated for several months and then de-correlate, that may be a sign that market sentiment concerning the EUR and/or GBP is in the process of changing; one may be seeing the start or end of a trend in one of the two currencies.