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 EURCAD EURGBP EURNZD EURAUD AUDCAD AUDUSD NZDUSD NZDCAD EURCHF AUDNZD EURJPY CHFJPY USDCAD AUDCHF AUDJPY NZDCHF NZDJPY GBPUSD CADJPY CADCHF GBPJPY GBPCAD GBPCHF GBPNZD USDJPY GBPAUD USDCHF
EURUSD 68 65 44 35 23 21 21 17 9 7 3 -9 -16 -23 -24 -27 -27 -28 -42 -44 -48 -49 -49 -65 -66 -69 -70
EURCAD 68 88 83 89 -40 -54 -44 -7 -26 -33 -33 -20 61 -77 -77 -68 -69 -74 -84 -85 -78 -59 -79 -59 -71 -36 -70
EURGBP 65 88 86 83 -46 -50 -49 -30 -44 -17 -56 -33 48 -80 -83 -78 -81 -91 -89 -86 -95 -90 -95 -79 -87 -66 -81
EURNZD 44 83 86 88 -61 -66 -79 -61 -60 0 -62 -21 64 -90 -89 -94 -93 -85 -90 -92 -87 -71 -89 -36 -77 -35 -76
EURAUD 35 89 83 88 -77 -84 -71 -31 -45 -48 -51 -24 82 -93 -93 -80 -81 -86 -87 -88 -81 -62 -82 -46 -63 -13 -59
AUDCAD 23 -40 -46 -61 -77 94 82 53 56 50 58 18 -78 81 80 66 66 71 59 59 56 43 56 12 28 -23 22
AUDUSD 21 -54 -50 -66 -84 94 87 43 53 54 56 19 -95 85 84 69 69 74 67 67 58 37 58 11 28 -25 22
NZDUSD 21 -44 -49 -79 -71 82 87 78 71 5 70 17 -81 82 81 84 83 73 69 70 62 44 63 -6 39 -10 35
NZDCAD 17 -7 -30 -61 -31 53 43 78 71 -47 65 9 -28 52 50 72 69 47 42 43 46 45 48 -20 37 12 38
EURCHF 9 -26 -44 -60 -45 56 53 71 71 -14 81 -5 -44 74 68 83 76 61 64 73 63 52 69 9 55 18 65
AUDNZD 7 -33 -17 0 -48 50 54 5 -47 -14 -7 9 -52 31 31 -6 -3 26 18 16 11 0 10 32 -10 -35 -16
EURJPY 3 -33 -56 -62 -51 58 56 70 65 81 -7 54 -47 71 80 77 86 73 79 68 79 66 73 28 73 32 56
CHFJPY -9 -20 -33 -21 -24 18 19 17 9 -5 9 54 -18 15 39 13 38 37 44 12 44 38 25 35 47 29 3
USDCAD -16 61 48 64 82 -78 -95 -81 -28 -44 -52 -47 -18 -79 -78 -63 -64 -69 -67 -68 -53 -27 -53 -10 -25 26 -19
AUDCHF -23 -77 -80 -90 -93 81 85 82 52 74 31 71 15 -79 97 93 91 90 91 95 86 68 90 39 69 17 70
AUDJPY -24 -77 -83 -89 -93 80 84 81 50 68 31 80 39 -78 97 90 94 93 96 92 92 73 90 45 76 23 66
NZDCHF -27 -68 -78 -94 -80 66 69 84 72 83 -6 77 13 -63 93 90 96 84 89 94 87 71 91 28 76 31 80
NZDJPY -27 -69 -81 -93 -81 66 69 83 69 76 -3 86 38 -64 91 94 96 88 95 90 92 76 91 36 83 37 75
GBPUSD -28 -74 -91 -85 -86 71 74 73 47 61 26 73 37 -69 90 93 84 88 90 86 95 88 94 64 74 46 65
CADJPY -42 -84 -89 -90 -87 59 67 69 42 64 18 79 44 -67 91 96 89 95 90 94 96 76 93 55 88 41 78
CADCHF -44 -85 -86 -92 -88 59 67 70 43 73 16 68 12 -68 95 92 94 90 86 94 90 70 94 47 80 35 85
GBPJPY -48 -78 -95 -87 -81 56 58 62 46 63 11 79 44 -53 86 92 87 92 95 96 90 92 98 69 91 60 81
GBPCAD -49 -59 -90 -71 -62 43 37 44 45 52 0 66 38 -27 68 73 71 76 88 76 70 92 90 79 83 78 75
GBPCHF -49 -79 -95 -89 -82 56 58 63 48 69 10 73 25 -53 90 90 91 91 94 93 94 98 90 66 88 59 87
GBPNZD -65 -59 -79 -36 -46 12 11 -6 -20 9 32 28 35 -10 39 45 28 36 64 55 47 69 79 66 65 77 56
USDJPY -66 -71 -87 -77 -63 28 28 39 37 55 -10 73 47 -25 69 76 76 83 74 88 80 91 83 88 65 70 90
GBPAUD -69 -36 -66 -35 -13 -23 -25 -10 12 18 -35 32 29 26 17 23 31 37 46 41 35 60 78 59 77 70 65
USDCHF -70 -70 -81 -76 -59 22 22 35 38 65 -16 56 3 -19 70 66 80 75 65 78 85 81 75 87 56 90 65
  EURUSD EURCAD EURGBP EURNZD EURAUD AUDCAD AUDUSD NZDUSD NZDCAD EURCHF AUDNZD EURJPY CHFJPY USDCAD AUDCHF AUDJPY NZDCHF NZDJPY GBPUSD CADJPY CADCHF GBPJPY GBPCAD GBPCHF GBPNZD USDJPY GBPAUD USDCHF
EURUSD -30 -49 -80 -71 78 87 91 88 74 -24 64 -54 -89 82 87 79 81 85 64 70 77 40 73 -73 -19 -65 36
EURCAD -30 64 74 75 -53 -64 -63 -53 -52 5 -24 58 71 -71 -70 -65 -60 -55 -61 -70 -57 -5 -63 54 0 59 -52
EURGBP -49 64 69 77 -72 -73 -65 -61 -58 -8 -9 81 67 -76 -64 -65 -50 -88 -33 -65 -69 -80 -80 22 38 33 -48
EURNZD -80 74 69 85 -77 -89 -98 -97 -89 36 -62 78 95 -98 -97 -97 -94 -86 -82 -94 -88 -32 -91 86 1 70 -70
EURAUD -71 75 77 85 -96 -97 -84 -77 -58 -19 -19 71 89 -88 -87 -73 -66 -86 -47 -68 -62 -42 -72 60 46 85 -33
AUDCAD 78 -53 -72 -77 -96 96 81 76 52 26 15 -66 -83 83 82 66 59 86 34 57 55 51 65 -53 -59 -84 20
AUDUSD 87 -64 -73 -89 -97 96 92 87 68 5 37 -70 -95 92 93 81 76 92 57 74 72 44 77 -69 -40 -84 37
NZDUSD 91 -63 -65 -98 -84 81 92 98 88 -34 66 -74 -97 97 98 96 95 89 80 90 89 36 89 -86 -7 -71 62
NZDCAD 88 -53 -61 -97 -77 76 87 98 91 -44 69 -75 -91 95 94 96 95 86 78 90 88 38 90 -87 -1 -64 68
EURCHF 74 -52 -58 -89 -58 52 68 88 91 -63 78 -81 -80 89 84 97 93 76 85 98 93 34 95 -79 25 -39 89
AUDNZD -24 5 -8 36 -19 26 5 -34 -44 -63 -81 21 20 -26 -26 -51 -59 -8 -69 -54 -54 15 -43 55 -80 -21 -72
EURJPY 64 -24 -9 -62 -19 15 37 66 69 78 -81 -25 -59 56 65 72 85 40 91 71 78 -8 60 -78 64 -22 65
CHFJPY -54 58 81 78 71 -66 -70 -74 -75 -81 21 -25 68 -85 -67 -82 -64 -79 -45 -83 -69 -59 -90 49 22 39 -76
USDCAD -89 71 67 95 89 -83 -95 -97 -91 -80 20 -59 68 -95 -98 -90 -89 -90 -77 -86 -85 -32 -84 80 14 77 -52
AUDCHF 82 -71 -76 -98 -88 83 92 97 95 89 -26 56 -85 -95 96 96 90 91 75 94 88 43 94 -78 -11 -69 70
AUDJPY 87 -70 -64 -97 -87 82 93 98 94 84 -26 65 -67 -98 96 93 93 87 82 88 87 29 85 -85 -4 -77 58
NZDCHF 79 -65 -65 -97 -73 66 81 96 96 97 -51 72 -82 -90 96 93 97 83 86 99 93 34 96 -85 13 -56 82
NZDJPY 81 -60 -50 -94 -66 59 76 95 95 93 -59 85 -64 -89 90 93 97 75 94 94 93 18 87 -91 26 -57 75
GBPUSD 85 -55 -88 -86 -86 86 92 89 86 76 -8 40 -79 -90 91 87 83 75 56 78 84 71 89 -54 -34 -56 49
CADJPY 64 -61 -33 -82 -47 34 57 80 78 85 -69 91 -45 -77 75 82 86 94 56 87 88 -4 75 -86 52 -42 75
CADCHF 70 -70 -65 -94 -68 57 74 90 90 98 -54 71 -83 -86 94 88 99 94 78 87 93 30 96 -80 21 -48 89
GBPJPY 77 -57 -69 -88 -62 55 72 89 88 93 -54 78 -69 -85 88 87 93 93 84 88 93 45 94 -70 23 -36 77
GBPCAD 40 -5 -80 -32 -42 51 44 36 38 34 15 -8 -59 -32 43 29 34 18 71 -4 30 45 56 14 -50 3 21
GBPCHF 73 -63 -80 -91 -72 65 77 89 90 95 -43 60 -90 -84 94 85 96 87 89 75 96 94 56 -66 3 -41 83
GBPNZD -73 54 22 86 60 -53 -69 -86 -87 -79 55 -78 49 80 -78 -85 -85 -91 -54 -86 -80 -70 14 -66 -26 70 -61
USDJPY -19 0 38 1 46 -59 -40 -7 -1 25 -80 64 22 14 -11 -4 13 26 -34 52 21 23 -50 3 -26 38 47
GBPAUD -65 59 33 70 85 -84 -84 -71 -64 -39 -21 -22 39 77 -69 -77 -56 -57 -56 -42 -48 -36 3 -41 70 38 -10
USDCHF 36 -52 -48 -70 -33 20 37 62 68 89 -72 65 -76 -52 70 58 82 75 49 75 89 77 21 83 -61 47 -10
  EURUSD EURCAD EURGBP EURNZD EURAUD AUDCAD AUDUSD NZDUSD NZDCAD EURCHF AUDNZD EURJPY CHFJPY USDCAD AUDCHF AUDJPY NZDCHF NZDJPY GBPUSD CADJPY CADCHF GBPJPY GBPCAD GBPCHF GBPNZD USDJPY GBPAUD USDCHF
EURUSD -49 -31 -77 -77 86 88 89 87 89 74 82 -8 -87 83 89 84 92 76 88 74 69 -9 59 -80 -63 -88 -67
EURCAD -49 87 89 90 -79 -83 -80 -67 -62 -87 -6 74 85 -87 -80 -85 -76 -86 -78 -92 -77 -29 -87 44 78 67 3
EURGBP -31 87 72 76 -64 -67 -62 -49 -58 -79 -1 75 67 -74 -66 -71 -60 -86 -65 -82 -85 -72 -94 6 53 37 -29
EURNZD -77 89 72 99 -97 -97 -97 -93 -79 -90 -34 59 96 -98 -95 -98 -95 -91 -88 -94 -79 -15 -84 74 87 90 33
EURAUD -77 90 76 99 -98 -98 -97 -91 -82 -95 -37 59 97 -99 -97 -99 -95 -94 -90 -96 -84 -20 -87 69 85 89 30
AUDCAD 86 -79 -64 -97 -98 99 99 97 87 92 51 -47 -96 98 98 98 98 91 90 91 81 15 81 -77 -82 -93 -41
AUDUSD 88 -83 -67 -97 -98 99 100 94 88 94 52 -47 -99 99 99 99 99 93 94 95 84 13 84 -76 -82 -93 -42
NZDUSD 89 -80 -62 -97 -97 99 100 96 87 90 54 -44 -98 98 99 99 99 91 93 92 80 8 80 -80 -83 -94 -47
NZDCAD 87 -67 -49 -93 -91 97 94 96 81 79 52 -37 -90 91 93 94 95 81 82 81 69 2 68 -86 -81 -95 -52
EURCHF 89 -62 -58 -79 -82 87 88 87 81 85 71 -36 -88 89 91 89 90 88 91 88 86 25 82 -58 -58 -76 -25
AUDNZD 74 -87 -79 -90 -95 92 94 90 79 85 42 -55 -93 96 94 93 89 95 91 95 89 33 91 -53 -72 -79 -19
EURJPY 82 -6 -1 -34 -37 51 52 54 52 71 42 39 -53 46 59 47 63 45 67 39 53 -7 30 -49 -7 -52 -58
CHFJPY -8 74 75 59 59 -47 -47 -44 -37 -36 -55 39 46 -56 -41 -55 -35 -56 -30 -63 -43 -42 -68 11 67 31 -43
USDCAD -87 85 67 96 97 -96 -99 -98 -90 -88 -93 -53 46 -98 -98 -98 -97 -94 -96 -96 -84 -11 -84 73 81 90 42
AUDCHF 83 -87 -74 -98 -99 98 99 98 91 89 96 46 -56 -98 99 100 97 96 94 98 87 23 89 -68 -81 -88 -29
AUDJPY 89 -80 -66 -95 -97 98 99 99 93 91 94 59 -41 -98 99 98 99 94 97 94 87 16 84 -73 -75 -91 -41
NZDCHF 84 -85 -71 -98 -99 98 99 99 94 89 93 47 -55 -98 100 98 98 95 93 97 85 19 87 -72 -82 -90 -32
NZDJPY 92 -76 -60 -95 -95 98 99 99 95 90 89 63 -35 -97 97 99 98 91 96 92 84 10 80 -78 -75 -93 -47
GBPUSD 76 -86 -86 -91 -94 91 93 91 81 88 95 45 -56 -94 96 94 95 91 93 97 96 45 97 -48 -71 -73 -16
CADJPY 88 -78 -65 -88 -90 90 94 93 82 91 91 67 -30 -96 94 97 93 96 93 93 90 17 84 -63 -62 -83 -38
CADCHF 74 -92 -82 -94 -96 91 95 92 81 88 95 39 -63 -96 98 94 97 92 97 93 90 30 94 -56 -77 -79 -14
GBPJPY 69 -77 -85 -79 -84 81 84 80 69 86 89 53 -43 -84 87 87 85 84 96 90 90 58 96 -31 -49 -59 -6
GBPCAD -9 -29 -72 -15 -20 15 13 8 2 25 33 -7 -42 -11 23 16 19 10 45 17 30 58 61 49 6 22 59
GBPCHF 59 -87 -94 -84 -87 81 84 80 68 82 91 30 -68 -84 89 84 87 80 97 84 94 96 61 -29 -62 -58 9
GBPNZD -80 44 6 74 69 -77 -76 -80 -86 -58 -53 -49 11 73 -68 -73 -72 -78 -48 -63 -56 -31 49 -29 74 94 75
USDJPY -63 78 53 87 85 -82 -82 -83 -81 -58 -72 -7 67 81 -81 -75 -82 -75 -71 -62 -77 -49 6 -62 74 83 38
GBPAUD -88 67 37 90 89 -93 -93 -94 -95 -76 -79 -52 31 90 -88 -91 -90 -93 -73 -83 -79 -59 22 -58 94 83 62
USDCHF -67 3 -29 33 30 -41 -42 -47 -52 -25 -19 -58 -43 42 -29 -41 -32 -47 -16 -38 -14 -6 59 9 75 38 62
  EURUSD EURCAD EURGBP EURNZD EURAUD AUDCAD AUDUSD NZDUSD NZDCAD EURCHF AUDNZD EURJPY CHFJPY USDCAD AUDCHF AUDJPY NZDCHF NZDJPY GBPUSD CADJPY CADCHF GBPJPY GBPCAD GBPCHF GBPNZD USDJPY GBPAUD USDCHF
EURUSD -63 79 -77 -76 76 90 91 77 -16 28 68 80 -93 78 88 78 88 15 90 64 -37 -80 -69 -86 -69 -85 -92
EURCAD -63 -66 89 91 -75 -85 -83 -67 58 -54 -5 -43 86 -81 -77 -77 -73 17 -72 -76 66 86 73 87 81 89 77
EURGBP 79 -66 -65 -64 56 74 75 54 -44 28 38 67 -81 57 67 56 67 -49 72 46 -79 -95 -95 -88 -70 -87 -85
EURNZD -77 89 -65 99 -95 -96 -96 -94 40 -41 -33 -60 91 -96 -94 -95 -93 -5 -84 -76 46 81 66 93 72 93 82
EURAUD -76 91 -64 99 -96 -97 -95 -90 43 -54 -29 -58 90 -96 -94 -93 -91 -4 -83 -77 47 81 66 92 74 94 82
AUDCAD 76 -75 56 -95 -96 94 93 97 -28 48 43 62 -84 96 95 94 93 18 81 69 -30 -69 -55 -86 -61 -88 -76
AUDUSD 90 -85 74 -96 -97 94 100 91 -35 47 47 70 -97 95 97 93 96 8 91 76 -46 -86 -72 -96 -77 -96 -91
NZDUSD 91 -83 75 -96 -95 93 100 92 -33 38 50 72 -97 94 97 94 97 10 92 76 -45 -85 -71 -96 -75 -95 -91
NZDCAD 77 -67 54 -94 -90 97 91 92 -21 24 49 64 -80 92 93 95 95 21 81 66 -24 -65 -51 -84 -55 -83 -74
EURCHF -16 58 -44 40 43 -28 -35 -33 -21 -34 35 -30 37 -16 -23 -10 -19 48 -15 9 69 54 69 46 57 48 53
AUDNZD 28 -54 28 -41 -54 48 47 38 24 -34 -6 16 -42 48 42 33 30 -6 33 38 -33 -42 -34 -39 -43 -48 -37
EURJPY 68 -5 38 -33 -29 43 47 50 49 35 -6 79 -46 43 61 48 65 36 73 34 27 -27 -19 -38 6 -36 -44
CHFJPY 80 -43 67 -60 -58 62 70 72 64 -30 16 79 -71 54 77 55 79 5 84 29 -17 -63 -64 -69 -31 -68 -80
USDCAD -93 86 -81 91 90 -84 -97 -97 -80 37 -42 -46 -71 -87 -92 -86 -91 -2 -91 -76 54 91 78 95 82 95 95
AUDCHF 78 -81 57 -96 -96 96 95 94 92 -16 48 43 54 -87 95 99 93 19 86 87 -30 -72 -51 -87 -63 -88 -73
AUDJPY 88 -77 67 -94 -94 95 97 97 93 -23 42 61 77 -92 95 95 99 16 95 76 -29 -78 -62 -91 -59 -91 -84
NZDCHF 78 -77 56 -95 -93 94 93 94 95 -10 33 48 55 -86 99 95 95 22 86 86 -26 -70 -49 -86 -60 -86 -71
NZDJPY 88 -73 67 -93 -91 93 96 97 95 -19 30 65 79 -91 93 99 95 18 96 75 -26 -76 -60 -90 -56 -89 -83
GBPUSD 15 17 -49 -5 -4 18 8 10 21 48 -6 36 5 -2 19 16 22 18 14 18 75 40 55 20 16 19 7
CADJPY 90 -72 72 -84 -83 81 91 92 81 -15 33 73 84 -91 86 95 86 96 14 76 -26 -78 -63 -86 -51 -86 -83
CADCHF 64 -76 46 -76 -77 69 76 76 66 9 38 34 29 -76 87 76 86 75 18 76 -25 -63 -34 -70 -53 -70 -51
GBPJPY -37 66 -79 46 47 -30 -46 -45 -24 69 -33 27 -17 54 -30 -29 -26 -26 75 -26 -25 80 87 66 77 66 59
GBPCAD -80 86 -95 81 81 -69 -86 -85 -65 54 -42 -27 -63 91 -72 -78 -70 -76 40 -78 -63 80 95 96 81 96 90
GBPCHF -69 73 -95 66 66 -55 -72 -71 -51 69 -34 -19 -64 78 -51 -62 -49 -60 55 -63 -34 87 95 86 76 86 87
GBPNZD -86 87 -88 93 92 -86 -96 -96 -84 46 -39 -38 -69 95 -87 -91 -86 -90 20 -86 -70 66 96 86 79 100 92
USDJPY -69 81 -70 72 74 -61 -77 -75 -55 57 -43 6 -31 82 -63 -59 -60 -56 16 -51 -53 77 81 76 79 80 82
GBPAUD -85 89 -87 93 94 -88 -96 -95 -83 48 -48 -36 -68 95 -88 -91 -86 -89 19 -86 -70 66 96 86 100 80 91
USDCHF -92 77 -85 82 82 -76 -91 -91 -74 53 -37 -44 -80 95 -73 -84 -71 -83 7 -83 -51 59 90 87 92 82 91
  EURUSD EURCAD EURGBP EURNZD EURAUD AUDCAD AUDUSD NZDUSD NZDCAD EURCHF AUDNZD EURJPY CHFJPY USDCAD AUDCHF AUDJPY NZDCHF NZDJPY GBPUSD CADJPY CADCHF GBPJPY GBPCAD GBPCHF GBPNZD USDJPY GBPAUD USDCHF
EURUSD 13 22 -43 -40 49 76 75 48 74 -15 85 2 -67 61 65 61 66 84 53 47 69 0 57 -49 -14 -46 -11
EURCAD 13 38 23 37 32 -20 -12 35 -8 -19 -4 9 65 -26 -25 -19 -18 -8 -69 -66 -22 82 -23 11 -30 21 -27
EURGBP 22 38 14 8 19 5 -1 8 -4 16 14 33 12 -6 2 -11 -3 -35 -14 -26 -37 -22 -45 -20 -10 -31 -30
EURNZD -43 23 14 88 -74 -83 -92 -83 -66 47 -60 28 51 -86 -84 -94 -94 -49 -59 -64 -64 16 -65 94 -39 79 -46
EURAUD -40 37 8 88 -76 -90 -82 -64 -64 0 -65 18 58 -92 -93 -86 -88 -42 -71 -72 -64 35 -61 85 -54 93 -49
AUDCAD 49 32 19 -74 -76 78 75 90 60 -14 63 -11 -14 76 78 75 77 37 25 27 50 21 46 -79 34 -80 31
AUDUSD 76 -20 5 -83 -90 78 94 68 81 -8 87 -11 -74 94 97 90 94 71 76 73 79 -24 70 -84 31 -87 29
NZDUSD 75 -12 -1 -92 -82 75 94 82 80 -41 81 -20 -67 89 90 95 97 73 67 68 77 -12 72 -90 23 -78 29
NZDCAD 48 35 8 -83 -64 90 68 82 58 -56 55 -21 -11 68 66 79 80 42 17 24 48 32 49 -85 21 -64 29
EURCHF 74 -8 -4 -66 -64 60 81 80 58 -18 88 -49 -63 89 82 88 83 72 69 80 84 -7 91 -64 37 -60 59
AUDNZD -15 -19 16 47 0 -14 -8 -41 -56 -18 -5 25 -3 -8 -3 -37 -34 -24 9 -1 -14 -30 -22 41 17 -6 -6
EURJPY 85 -4 14 -60 -65 63 87 81 55 88 -5 -2 -68 83 88 78 84 73 76 69 87 -14 73 -64 42 -67 28
CHFJPY 2 9 33 28 18 -11 -11 -20 -21 -49 25 -2 5 -35 -12 -41 -19 -16 -7 -43 -17 -10 -58 16 -5 4 -74
USDCAD -67 65 12 51 58 -14 -74 -67 -11 -63 -3 -68 5 -66 -69 -61 -64 -71 -92 -86 -70 61 -61 46 -13 51 -12
AUDCHF 61 -26 -6 -86 -92 76 94 89 68 89 -8 83 -35 -66 97 96 94 62 77 83 81 -24 82 -83 51 -86 59
AUDJPY 65 -25 2 -84 -93 78 97 90 66 82 -3 88 -12 -69 97 91 95 61 80 77 81 -28 72 -84 53 -90 44
NZDCHF 61 -19 -11 -94 -86 75 90 95 79 88 -37 78 -41 -61 96 91 97 64 69 78 79 -14 83 -89 42 -78 57
NZDJPY 66 -18 -3 -94 -88 77 94 97 80 83 -34 84 -19 -64 94 95 97 65 73 73 81 -17 75 -92 44 -83 43
GBPUSD 84 -8 -35 -49 -42 37 71 73 42 72 -24 73 -16 -71 62 61 64 65 59 59 87 13 79 -36 -8 -27 6
CADJPY 53 -69 -14 -59 -71 25 76 67 17 69 9 76 -7 -92 77 80 69 73 59 93 78 -64 68 -54 50 -63 38
CADCHF 47 -66 -26 -64 -72 27 73 68 24 80 -1 69 -43 -86 83 77 78 73 59 93 77 -54 82 -55 47 -59 62
GBPJPY 69 -22 -37 -64 -64 50 79 77 48 84 -14 87 -17 -70 81 81 79 81 87 78 77 -1 91 -50 43 -47 41
GBPCAD 0 82 -22 16 35 21 -24 -12 32 -7 -30 -14 -10 61 -24 -28 -14 -17 13 -64 -54 -1 3 24 -26 42 -10
GBPCHF 57 -23 -45 -65 -61 46 70 72 49 91 -22 73 -58 -61 82 72 83 75 79 68 82 91 3 -49 38 -41 66
GBPNZD -49 11 -20 94 85 -79 -84 -90 -85 -64 41 -64 16 46 -83 -84 -89 -92 -36 -54 -55 -50 24 -49 -36 89 -35
USDJPY -14 -30 -10 -39 -54 34 31 23 21 37 17 42 -5 -13 51 53 42 44 -8 50 47 43 -26 38 -36 -48 71
GBPAUD -46 21 -31 79 93 -80 -87 -78 -64 -60 -6 -67 4 51 -86 -90 -78 -83 -27 -63 -59 -47 42 -41 89 -48 -35
USDCHF -11 -27 -30 -46 -49 31 29 29 29 59 -6 28 -74 -12 59 44 57 43 6 38 62 41 -10 66 -35 71 -35

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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