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.
The current template of the correlation matrix was inspired by @Rafael_Nieto on Twitter

Pivot:

EURUSD

Daily

4 hours

Hourly

15 min

5 min

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

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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.

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

Forex Calendar

Forex Calendar

Calendar of latest economic news and indicators. Provides an estimation on the impact on the forex market.

Carry trade

Carry trade

Carry trade. Many brokers held credits and debits interest on open positions. It could be calculated only on overnight positions or in real time.

Position sizing

Position sizing

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

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.

Pip value

Pip value

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

Martingale

Martingale

Test our martingale simulator.

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