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