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