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