Forex Correlation

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.

Pivot:

EURUSD

Daily

4 hours

Hourly

15 min

5 min

  EURUSD GBPUSD NZDUSD NZDCAD AUDUSD AUDCAD EURCHF EURCAD GBPCHF GBPCAD NZDCHF AUDCHF GBPAUD EURAUD AUDNZD GBPNZD EURGBP EURNZD AUDJPY CADCHF NZDJPY GBPJPY EURJPY USDCAD CHFJPY CADJPY USDJPY USDCHF
EURUSD 89 73 69 49 45 44 42 37 37 28 16 -1 -3 -4 -5 -7 -10 -16 -17 -24 -31 -36 -49 -54 -56 -82 -83
GBPUSD 89 61 71 33 32 37 50 64 62 20 3 22 10 -21 21 -53 -4 -31 -28 -32 -10 -39 -32 -53 -64 -77 -75
NZDUSD 73 61 71 92 89 45 -21 30 -18 81 74 -60 -66 46 -65 2 -75 38 40 22 -52 -54 -85 -70 -23 -76 -53
NZDCAD 69 71 71 42 54 39 40 46 43 47 21 -2 -10 -19 -19 -27 -36 -19 -18 -16 -38 -54 -23 -68 -67 -74 -52
AUDUSD 49 33 92 42 96 33 -53 11 -50 84 91 -84 -88 78 -81 19 -86 66 64 40 -52 -45 -95 -56 7 -57 -34
AUDCAD 45 32 89 54 96 31 -44 13 -41 83 88 -81 -86 73 -79 13 -86 61 55 35 -55 -51 -82 -60 -4 -58 -30
EURCHF 44 37 45 39 33 31 7 71 5 61 41 -13 -14 4 -19 1 -22 18 41 27 5 6 -33 -44 -1 -23 13
EURCAD 42 50 -21 40 -53 -44 7 27 92 -54 -75 83 84 -84 74 -30 71 -85 -88 -66 17 1 58 -2 -72 -25 -42
GBPCHF 37 64 30 46 11 13 71 27 50 38 13 25 8 -23 24 -70 -9 -12 10 1 28 -9 -8 -43 -25 -27 3
GBPCAD 37 62 -18 43 -50 -41 5 92 50 -46 -69 87 77 -82 81 -65 61 -83 -82 -64 27 -7 55 -8 -71 -26 -37
NZDCHF 28 20 81 47 84 83 61 -54 38 -46 92 -76 -81 59 -81 8 -91 66 79 56 -36 -33 -77 -60 16 -36 7
AUDCHF 16 3 74 21 91 88 41 -75 13 -69 92 -93 -96 86 -89 23 -92 83 88 61 -39 -28 -86 -45 35 -26 8
GBPAUD -1 22 -60 -2 -84 -81 -13 83 25 87 -76 -93 97 -93 95 -49 86 -86 -83 -60 48 24 80 28 -44 15 -8
EURAUD -3 10 -66 -10 -88 -86 -14 84 8 77 -81 -96 97 -92 90 -25 93 -85 -83 -59 43 32 83 35 -39 21 -6
AUDNZD -4 -21 46 -19 78 73 4 -84 -23 -82 59 86 -93 -92 -77 37 -71 86 79 54 -34 -15 -77 -15 51 -7 7
GBPNZD -5 21 -65 -19 -81 -79 -19 74 24 81 -81 -89 95 90 -77 -53 90 -77 -77 -59 55 29 75 35 -34 20 -6
EURGBP -7 -53 2 -27 19 13 1 -30 -70 -65 8 23 -49 -25 37 -53 -10 36 28 26 -34 18 -22 16 34 16 9
EURNZD -10 -4 -75 -36 -86 -86 -22 71 -9 61 -91 -92 86 93 -71 90 -10 -72 -75 -55 47 43 77 50 -21 32 -3
AUDJPY -16 -31 38 -19 66 61 18 -85 -12 -83 66 83 -86 -85 86 -77 36 -72 86 89 3 23 -67 12 77 24 29
CADCHF -17 -28 40 -18 64 55 41 -88 10 -82 79 88 -83 -83 79 -77 28 -75 86 73 -13 2 -69 -19 65 12 45
NZDJPY -24 -32 22 -16 40 35 27 -66 1 -64 56 61 -60 -59 54 -59 26 -55 89 73 36 51 -42 33 84 46 43
GBPJPY -31 -10 -52 -38 -52 -55 5 17 28 27 -36 -39 48 43 -34 55 -34 47 3 -13 36 86 44 75 48 71 37
EURJPY -36 -39 -54 -54 -45 -51 6 1 -9 -7 -33 -28 24 32 -15 29 18 43 23 2 51 86 34 87 69 83 44
USDCAD -49 -32 -85 -23 -95 -82 -33 58 -8 55 -77 -86 80 83 -77 75 -22 77 -67 -69 -42 44 34 46 -18 50 35
CHFJPY -54 -53 -70 -68 -56 -60 -44 -2 -43 -8 -60 -45 28 35 -15 35 16 50 12 -19 33 75 87 46 63 86 33
CADJPY -56 -64 -23 -67 7 -4 -1 -72 -25 -71 16 35 -44 -39 51 -34 34 -21 77 65 84 48 69 -18 63 76 61
USDJPY -82 -77 -76 -74 -57 -58 -23 -25 -27 -26 -36 -26 15 21 -7 20 16 32 24 12 46 71 83 50 86 76 77
USDCHF -83 -75 -53 -52 -34 -30 13 -42 3 -37 7 8 -8 -6 7 -6 9 -3 29 45 43 37 44 35 33 61 77
  EURUSD GBPUSD NZDUSD NZDCAD AUDUSD AUDCAD EURCHF EURCAD GBPCHF GBPCAD NZDCHF AUDCHF GBPAUD EURAUD AUDNZD GBPNZD EURGBP EURNZD AUDJPY CADCHF NZDJPY GBPJPY EURJPY USDCAD CHFJPY CADJPY USDJPY USDCHF
EURUSD 83 79 4 65 -23 55 34 7 -5 12 -13 28 67 -49 -11 57 41 46 7 63 55 70 -65 60 46 21 -74
GBPUSD 83 78 -22 65 -50 48 -14 42 -25 25 -1 50 44 -48 14 2 15 53 41 70 69 67 -88 59 63 29 -59
NZDUSD 79 78 38 84 6 58 26 33 14 59 22 2 21 -60 -50 27 -24 36 16 57 35 42 -53 24 25 -3 -47
NZDCAD 4 -22 38 21 85 -1 78 -30 87 33 11 -51 -15 -38 -90 40 -49 -44 -61 -34 -61 -47 59 -56 -71 -68 -6
AUDUSD 65 65 84 21 19 79 9 55 -9 72 60 -33 -13 -6 -43 21 -21 63 42 67 47 52 -54 27 40 22 -14
AUDCAD -23 -50 6 85 19 5 64 -20 72 34 38 -83 -48 16 -79 32 -46 -32 -47 -39 -62 -50 73 -63 -68 -51 31
EURCHF 55 48 58 -1 79 5 -1 70 -30 73 69 -30 -6 9 -26 27 0 69 62 69 54 61 -52 28 52 42 15
EURCAD 34 -14 26 78 9 64 -1 -61 79 -12 -27 -27 37 -33 -60 82 17 -36 -79 -26 -44 -17 49 -21 -55 -50 -41
GBPCHF 7 42 33 -30 55 -20 70 -61 -49 77 78 -11 -46 21 6 -50 -38 59 91 54 52 34 -56 10 54 42 48
GBPCAD -5 -25 14 87 -9 72 -30 79 -49 -3 -22 -21 3 -38 -57 29 -28 -65 -80 -55 -70 -59 68 -57 -81 -77 -19
NZDCHF 12 25 59 33 72 34 73 -12 77 -3 87 -51 -55 -2 -58 -15 -68 37 54 39 16 11 -21 -20 14 6 44
AUDCHF -13 -1 22 11 60 38 69 -27 78 -22 87 -70 -77 48 -37 -22 -54 46 63 32 17 9 -10 -20 19 23 71
GBPAUD 28 50 2 -51 -33 -83 -30 -27 -11 -21 -51 -70 70 -52 66 -22 42 -6 3 11 32 24 -48 42 31 11 -58
EURAUD 67 44 21 -15 -13 -48 -6 37 -46 3 -55 -77 70 -58 28 54 74 -2 -33 17 25 41 -32 52 20 5 -84
AUDNZD -49 -48 -60 -38 -6 16 9 -33 21 -38 -2 48 -52 -58 30 -17 13 26 32 -5 5 0 18 -4 13 37 65
GBPNZD -11 14 -50 -90 -43 -79 -26 -60 6 -57 -58 -37 66 28 30 -40 58 16 31 7 41 27 -38 44 47 45 -8
EURGBP 57 2 27 40 21 32 27 82 -50 29 -15 -22 -22 54 -17 -40 52 5 -48 10 -4 27 13 20 -10 -6 -46
EURNZD 41 15 -24 -49 -21 -46 0 17 -38 -28 -68 -54 42 74 13 58 52 20 -13 16 35 49 -25 59 35 37 -48
AUDJPY 46 53 36 -44 63 -32 69 -36 59 -65 37 46 -6 -2 26 16 5 20 71 95 93 91 -72 78 91 90 1
CADCHF 7 41 16 -61 42 -47 62 -79 91 -80 54 63 3 -33 32 31 -48 -13 71 63 68 51 -70 34 75 65 42
NZDJPY 63 70 57 -34 67 -39 69 -26 54 -55 39 32 11 17 -5 7 10 16 95 63 94 94 -80 83 90 81 -20
GBPJPY 55 69 35 -61 47 -62 54 -44 52 -70 16 17 32 25 5 41 -4 35 93 68 94 95 -87 90 99 89 -21
EURJPY 70 67 42 -47 52 -50 61 -17 34 -59 11 9 24 41 0 27 27 49 91 51 94 95 -79 93 92 84 -34
USDCAD -65 -88 -53 59 -54 73 -52 49 -56 68 -21 -10 -48 -32 18 -38 13 -25 -72 -70 -80 -87 -79 -73 -87 -59 36
CHFJPY 60 59 24 -56 27 -63 28 -21 10 -57 -20 -20 42 52 -4 44 20 59 78 34 83 90 93 -73 88 83 -48
CADJPY 46 63 25 -71 40 -68 52 -55 54 -81 14 19 31 20 13 47 -10 35 91 75 90 99 92 -87 88 91 -13
USDJPY 21 29 -3 -68 22 -51 42 -50 42 -77 6 23 11 5 37 45 -6 37 90 65 81 89 84 -59 83 91 9
USDCHF -74 -59 -47 -6 -14 31 15 -41 48 -19 44 71 -58 -84 65 -8 -46 -48 1 42 -20 -21 -34 36 -48 -13 9
  EURUSD GBPUSD NZDUSD NZDCAD AUDUSD AUDCAD EURCHF EURCAD GBPCHF GBPCAD NZDCHF AUDCHF GBPAUD EURAUD AUDNZD GBPNZD EURGBP EURNZD AUDJPY CADCHF NZDJPY GBPJPY EURJPY USDCAD CHFJPY CADJPY USDJPY USDCHF
EURUSD 96 81 41 83 16 5 72 -22 49 2 -53 45 57 -47 -20 36 -1 75 -79 83 87 88 -86 84 70 47 -97
GBPUSD 96 91 59 87 33 9 72 1 64 24 -38 47 44 -62 -36 7 -24 70 -75 85 83 78 -80 75 60 36 -91
NZDUSD 81 91 82 86 59 23 63 25 68 58 -7 30 17 -78 -71 -16 -60 64 -58 86 72 64 -66 58 47 26 -73
NZDCAD 41 59 82 47 78 51 63 66 85 87 20 35 3 -93 -85 -49 -83 14 -43 49 24 14 -10 5 -8 -21 -27
AUDUSD 83 87 86 47 49 -6 38 -9 32 27 -4 -3 1 -36 -48 6 -33 84 -47 87 81 77 -87 75 70 47 -83
AUDCAD 16 33 59 78 49 37 31 59 57 78 58 -19 -44 -48 -76 -53 -78 7 -15 25 1 -8 1 -14 -20 -33 -6
EURCHF 5 9 23 51 -6 37 46 72 51 58 29 29 17 -49 -36 -15 -33 -21 4 2 -11 -13 27 -28 -30 -29 21
EURCAD 72 72 63 63 38 31 46 17 86 22 -50 76 72 -70 -21 17 -9 16 -87 42 39 40 -26 31 8 -9 -59
GBPCHF -22 1 25 66 -9 59 72 17 57 84 59 17 -27 -57 -55 -79 -73 -36 22 -8 -30 -42 43 -51 -51 -51 40
GBPCAD 49 64 68 85 32 57 51 86 57 57 -16 70 40 -85 -45 -36 -48 -2 -68 32 20 12 -5 4 -17 -33 -35
NZDCHF 2 24 58 87 27 78 58 22 84 57 61 1 -36 -74 -91 -69 -96 -1 8 29 -1 -14 13 -22 -22 -26 13
AUDCHF -53 -38 -7 20 -4 58 29 -50 59 -16 61 -70 -90 8 -50 -60 -61 -19 72 -20 -41 -48 37 -51 -35 -28 59
GBPAUD 45 47 30 35 -3 -19 29 76 17 70 1 -70 85 -60 12 2 10 -8 -68 16 23 22 -7 16 -3 -11 -36
EURAUD 57 44 17 3 1 -44 17 72 -27 40 -36 -90 85 -31 35 54 48 10 -72 21 37 44 -26 40 22 16 -51
AUDNZD -47 -62 -78 -93 -36 -48 -49 -70 -57 -85 -74 8 -60 -31 72 37 69 -14 50 -52 -33 -24 14 -15 -1 10 33
GBPNZD -20 -36 -71 -85 -48 -76 -36 -21 -55 -45 -91 -50 12 35 72 48 94 -25 4 -51 -21 -11 12 -5 -4 3 10
EURGBP 36 7 -16 -49 6 -53 -15 17 -79 -36 -69 -60 2 54 37 48 76 32 -28 13 32 48 -37 48 46 47 -39
EURNZD -1 -24 -60 -83 -33 -78 -33 -9 -73 -48 -96 -61 10 48 69 94 76 -6 -8 -33 -3 11 -6 16 15 21 -8
AUDJPY 75 70 64 14 84 7 -21 16 -36 -2 -1 -19 -8 10 -14 -25 32 -6 -30 92 95 94 -92 94 96 87 -79
CADCHF -79 -75 -58 -43 -47 -15 4 -87 22 -68 8 72 -68 -72 50 4 -28 -8 -30 -46 -50 -52 45 -51 -25 -6 78
NZDJPY 83 85 86 49 87 25 2 42 -8 32 29 -20 16 21 -52 -51 13 -33 92 -46 95 90 -85 87 83 71 -81
GBPJPY 87 83 72 24 81 1 -11 39 -30 20 -1 -41 23 37 -33 -21 32 -3 95 -50 95 99 -93 97 93 81 -88
EURJPY 88 78 64 14 77 -8 -13 40 -42 12 -14 -48 22 44 -24 -11 48 11 94 -52 90 99 -92 99 95 84 -89
USDCAD -86 -80 -66 -10 -87 1 27 -26 43 -5 13 37 -7 -26 14 12 -37 -6 -92 45 -85 -93 -92 -94 -91 -72 91
CHFJPY 84 75 58 5 75 -14 -28 31 -51 4 -22 -51 16 40 -15 -5 48 16 94 -51 87 97 99 -94 96 86 -89
CADJPY 70 60 47 -8 70 -20 -30 8 -51 -17 -22 -35 -3 22 -1 -4 46 15 96 -25 83 93 95 -91 96 94 -76
USDJPY 47 36 26 -21 47 -33 -29 -9 -51 -33 -26 -28 -11 16 10 3 47 21 87 -6 71 81 84 -72 86 94 -53
USDCHF -97 -91 -73 -27 -83 -6 21 -59 40 -35 13 59 -36 -51 33 10 -39 -8 -79 78 -81 -88 -89 91 -89 -76 -53
  EURUSD GBPUSD NZDUSD NZDCAD AUDUSD AUDCAD EURCHF EURCAD GBPCHF GBPCAD NZDCHF AUDCHF GBPAUD EURAUD AUDNZD GBPNZD EURGBP EURNZD AUDJPY CADCHF NZDJPY GBPJPY EURJPY USDCAD CHFJPY CADJPY USDJPY USDCHF
EURUSD 78 20 5 63 49 42 59 30 50 2 32 -23 -19 20 7 -4 5 53 -13 34 58 60 -72 55 51 42 -72
GBPUSD 78 66 55 83 76 45 25 72 80 52 65 -36 -58 -34 -41 -65 -47 62 18 62 65 56 -75 51 53 43 -48
NZDUSD 20 66 98 81 88 39 -27 79 55 97 90 -68 -90 -88 -96 -83 -97 71 58 89 67 55 -49 52 60 58 8
NZDCAD 5 55 98 70 82 38 -27 78 55 99 85 -61 -85 -94 -97 -82 -99 63 56 85 59 47 -32 44 52 52 22
AUDUSD 63 83 81 70 95 40 -6 64 48 70 90 -82 -89 -44 -66 -58 -67 86 41 84 81 74 -83 71 76 68 -35
AUDCAD 49 76 88 82 95 43 -1 69 57 80 92 -81 -91 -58 -76 -63 -77 84 40 88 80 72 -62 68 73 69 -19
EURCHF 42 45 39 38 40 43 29 75 44 45 58 -21 -26 -28 -30 -21 -30 39 61 41 41 39 -24 25 34 33 32
EURCAD 59 25 -27 -27 -6 -1 29 -2 47 -34 -24 36 43 37 43 33 42 1 -56 -13 11 17 13 12 2 4 -37
GBPCHF 30 72 79 78 64 69 75 -2 73 82 80 -33 -63 -70 -68 -80 -73 47 66 63 48 35 -38 26 36 33 26
GBPCAD 50 80 55 55 48 57 44 47 73 48 42 2 -31 -45 -35 -67 -43 33 -2 43 40 30 -21 24 23 21 -19
NZDCHF 2 52 97 99 70 80 45 -34 82 48 88 -63 -86 -94 -98 -81 -99 62 69 84 57 45 -34 41 51 50 31
AUDCHF 32 65 90 85 90 92 58 -24 80 42 88 -83 -94 -67 -84 -66 -84 78 72 86 71 62 -61 56 67 63 10
GBPAUD -23 -36 -68 -61 -82 -81 -21 36 -33 2 -63 -83 89 39 69 30 63 -80 -51 -78 -69 -67 62 -67 -74 -70 9
EURAUD -19 -58 -90 -85 -89 -91 -26 43 -63 -31 -86 -94 89 68 87 71 87 -76 -60 -85 -67 -58 62 -57 -65 -60 2
AUDNZD 20 -34 -88 -94 -44 -58 -28 37 -70 -45 -94 -67 39 68 94 80 95 -41 -56 -69 -38 -25 9 -23 -32 -34 -41
GBPNZD 7 -41 -96 -97 -66 -76 -30 43 -68 -35 -98 -84 69 87 94 75 99 -62 -63 -84 -56 -45 30 -43 -53 -53 -29
EURGBP -4 -65 -83 -82 -58 -63 -21 33 -80 -67 -81 -66 30 71 80 75 83 -35 -45 -57 -34 -17 34 -16 -23 -19 -10
EURNZD 5 -47 -97 -99 -67 -77 -30 42 -73 -43 -99 -84 63 87 95 99 83 -59 -62 -82 -54 -41 32 -40 -49 -48 -27
AUDJPY 53 62 71 63 86 84 39 1 47 33 62 78 -80 -76 -41 -62 -35 -59 34 94 99 97 -67 96 98 96 -27
CADCHF -13 18 58 56 41 40 61 -56 66 -2 69 72 -51 -60 -56 -63 -45 -62 34 48 27 20 -32 12 29 26 59
NZDJPY 34 62 89 85 84 88 41 -13 63 43 84 86 -78 -85 -69 -84 -57 -82 94 48 92 86 -56 84 89 88 -6
GBPJPY 58 65 67 59 81 80 41 11 48 40 57 71 -69 -67 -38 -56 -34 -54 99 27 92 99 -64 97 98 97 -30
EURJPY 60 56 55 47 74 72 39 17 35 30 45 62 -67 -58 -25 -45 -17 -41 97 20 86 99 -61 99 99 98 -34
USDCAD -72 -75 -49 -32 -83 -62 -24 13 -38 -21 -34 -61 62 62 9 30 34 32 -67 -32 -56 -64 -61 -60 -64 -50 58
CHFJPY 55 51 52 44 71 68 25 12 26 24 41 56 -67 -57 -23 -43 -16 -40 96 12 84 97 99 -60 98 98 -40
CADJPY 51 53 60 52 76 73 34 2 36 23 51 67 -74 -65 -32 -53 -23 -49 98 29 89 98 99 -64 98 99 -28
USDJPY 42 43 58 52 68 69 33 4 33 21 50 63 -70 -60 -34 -53 -19 -48 96 26 88 97 98 -50 98 99 -20
USDCHF -72 -48 8 22 -35 -19 32 -37 26 -19 31 10 9 2 -41 -29 -10 -27 -27 59 -6 -30 -34 58 -40 -28 -20
  EURUSD GBPUSD NZDUSD NZDCAD AUDUSD AUDCAD EURCHF EURCAD GBPCHF GBPCAD NZDCHF AUDCHF GBPAUD EURAUD AUDNZD GBPNZD EURGBP EURNZD AUDJPY CADCHF NZDJPY GBPJPY EURJPY USDCAD CHFJPY CADJPY USDJPY USDCHF
EURUSD 97 68 -13 85 76 46 47 70 74 -11 48 -16 -40 63 58 -57 42 48 -4 25 57 47 -85 40 29 -15 -86
GBPUSD 97 67 -19 85 73 36 36 74 76 -14 46 -11 -43 64 64 -76 40 45 -2 21 56 42 -88 37 28 -19 -88
NZDUSD 68 67 49 74 71 63 12 74 34 59 66 -41 -55 19 -15 -41 -37 51 37 57 50 44 -71 29 36 2 -40
NZDCAD -13 -19 49 -18 -5 28 22 5 1 73 -1 6 17 -70 -75 28 -77 -20 6 17 -24 -19 27 -34 -23 -12 31
AUDUSD 85 85 74 -18 95 56 0 79 34 15 84 -62 -82 80 36 -57 16 80 39 57 78 70 -96 65 64 21 -63
AUDCAD 76 73 71 -5 95 60 7 72 29 23 86 -70 -83 75 23 -40 9 80 37 61 75 70 -83 63 62 27 -51
EURCHF 46 36 63 28 56 60 10 79 6 65 76 -50 -48 24 -17 1 -20 68 65 75 68 72 -48 50 63 49 5
EURCAD 47 36 12 22 0 7 10 3 79 -31 -33 53 50 -10 36 6 45 -31 -69 -36 -17 -17 5 -25 -44 -51 -48
GBPCHF 70 74 74 5 79 72 79 3 38 42 78 -38 -61 48 22 -60 -3 70 55 63 77 67 -78 52 60 28 -34
GBPCAD 74 76 34 1 34 29 6 79 38 -37 -12 48 20 20 66 -56 51 -11 -56 -28 7 -6 -36 -10 -28 -56 -79
NZDCHF -11 -14 59 73 15 23 65 -31 42 -37 54 -48 -38 -32 -80 17 -88 36 72 68 26 31 -7 13 37 42 50
AUDCHF 48 46 66 -1 84 86 76 -33 78 -12 54 -87 -93 62 -7 -28 -21 92 79 85 83 82 -74 71 84 59 -10
GBPAUD -16 -11 -41 6 -62 -70 -50 53 -38 48 -48 -87 91 -54 27 -4 30 -82 -76 -76 -63 -68 50 -65 -78 -66 -11
EURAUD -40 -43 -55 17 -82 -83 -48 50 -61 20 -38 -93 91 -71 1 38 18 -88 -71 -73 -75 -71 75 -69 -79 -53 17
AUDNZD 63 64 19 -70 80 75 24 -10 48 20 -32 62 -54 -71 66 -48 57 71 23 32 69 63 -77 68 60 27 -57
GBPNZD 58 64 -15 -75 36 23 -17 36 22 66 -80 -7 27 1 66 -58 92 7 -41 -31 23 11 -44 20 -1 -28 -75
EURGBP -57 -76 -41 28 -57 -40 1 6 -60 -56 17 -28 -4 38 -48 -58 -22 -25 -3 -5 -36 -15 68 -19 -15 22 64
EURNZD 42 40 -37 -77 16 9 -20 45 -3 51 -88 -21 30 18 57 92 -22 -3 -50 -39 10 6 -21 15 -8 -22 -60
AUDJPY 48 45 51 -20 80 80 68 -31 70 -11 36 92 -82 -88 71 7 -25 -3 71 90 96 96 -73 93 97 75 -15
CADCHF -4 -2 37 6 39 37 65 -69 55 -56 72 79 -76 -71 23 -41 -3 -50 71 81 61 64 -37 53 78 74 42
NZDJPY 25 21 57 17 57 61 75 -36 63 -28 68 85 -76 -73 32 -31 -5 -39 90 81 86 90 -50 82 92 84 15
GBPJPY 57 56 50 -24 78 75 68 -17 77 7 26 83 -63 -75 69 23 -36 10 96 61 86 98 -75 95 94 71 -26
EURJPY 47 42 44 -19 70 70 72 -17 67 -6 31 82 -68 -71 63 11 -15 6 96 64 90 98 -64 96 96 80 -12
USDCAD -85 -88 -71 27 -96 -83 -48 5 -78 -36 -7 -74 50 75 -77 -44 68 -21 -73 -37 -50 -75 -64 -61 -60 -14 69
CHFJPY 40 37 29 -34 65 63 50 -25 52 -10 13 71 -65 -69 68 20 -19 15 93 53 82 95 96 -61 95 80 -17
CADJPY 29 28 36 -23 64 62 63 -44 60 -28 37 84 -78 -79 60 -1 -15 -8 97 78 92 94 96 -60 95 88 3
USDJPY -15 -19 2 -12 21 27 49 -51 28 -56 42 59 -66 -53 27 -28 22 -22 75 74 84 71 80 -14 80 88 45
USDCHF -86 -88 -40 31 -63 -51 5 -48 -34 -79 50 -10 -11 17 -57 -75 64 -60 -15 42 15 -26 -12 69 -17 3 45

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.

Trading tools

Forex Correlation

Forex Correlation

The following tables represent the correlation between the various parities of the foreign exchange market. The charts give precise details on the correlation between two parities. They show the history and the distribution of the correlation over a given period.

Currency index

Currency index

The currency index represents the evolution of a currency relative to the entire forex. The index is the average of one currency compared to others. The chart representation makes it easy to view trends by currency.

Forex Volatility

Forex Volatility

Table of the volatility for several currency pairs. The volatility is given in pip and dollar.

Global view on Financial markets

Global view on Financial markets

Configure your layout by displaying up to 8 charts simultaneously.

price distribution

price distribution

The charts below show many types of price distribution. Every graph is updated in real time.

Pivot points

Pivot points

Pivot points calculator. Table of the pivot points calculated on the major forex pairs

Position sizing

Position sizing

Position sizing calculator. The tool gives the best size of the position for forex trading.

Pip value

Pip value

Table of the value for the currency pair. The pip value of forex pairs is calculated in real time.

Value At Risk (VaR)

Value At Risk (VaR)

Value at risk (VaR) is a tool to measure the risk of loss on a portfolio. Our interactive tool allows you to measure VaR in forex.

Martingale

Martingale

Test our martingale simulator.

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