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

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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