Forex Correlation Table
Live| Currency | AUDCAD | AUDJPY | EURAUD | EURJPY | EURUSD | GBPJPY | GBPUSD | USDCAD | USDJPY | XAUUSD |
|---|---|---|---|---|---|---|---|---|---|---|
| 30.7% | 21.4% | 6.0% | 43.9% | 100.0% | 31.6% | 84.7% | -42.0% | -41.7% | 46.1% | |
  GBPUSD | 34.7% | 24.7% | -3.1% | 37.1% | 84.7% | 42.0% | 100.0% | -37.0% | -39.9% | 39.0% |
 USDJPY | 3.9% | 49.5% | -21.7% | 52.0% | -41.7% | 55.1% | -39.9% | 28.2% | 100.0% | -27.4% |
 USDCAD | -16.9% | -20.6% | 17.6% | -18.3% | -42.0% | -16.2% | -37.0% | 100.0% | 28.2% | -25.9% |
 AUDUSD | 85.3% | 71.6% | -65.3% | 45.0% | 63.7% | 41.1% | 62.5% | -51.1% | -18.4% | 56.5% |
 NZDUSD | 58.6% | 46.3% | -30.4% | 44.0% | 73.0% | 36.4% | 68.6% | -60.9% | -32.0% | 58.8% |
 USDCHF | -18.9% | -5.3% | -10.2% | -21.3% | -68.6% | -13.0% | -63.9% | 47.8% | 56.7% | -44.9% |
 EURGBP | -3.9% | -3.2% | 27.8% | 26.7% | 26.8% | -17.1% | -11.7% | -5.7% | -5.2% | 13.0% |
| EURJPY | 37.7% | 73.1% | -14.2% | 100.0% | 43.9% | 89.3% | 37.1% | -18.3% | 52.0% | 23.1% |
| GBPJPY | 41.6% | 76.7% | -27.3% | 89.3% | 31.6% | 100.0% | 42.0% | -16.2% | 55.1% | 17.5% |
| AUDJPY | 80.4% | 100.0% | -76.5% | 73.1% | 21.4% | 76.7% | 24.7% | -20.6% | 49.5% | 25.8% |
| EURAUD | -81.7% | -76.5% | 100.0% | -14.2% | 6.0% | -27.3% | -3.1% | 17.6% | -21.7% | -15.6% |
| AUDCAD | 100.0% | 80.4% | -81.7% | 37.7% | 30.7% | 41.6% | 34.7% | -16.9% | 3.9% | 47.7% |
| 47.7% | 25.8% | -15.6% | 23.1% | 46.1% | 17.5% | 39.0% | -25.9% | -27.4% | 100.0% |
| Currency | AUDCAD | AUDJPY | EURAUD | EURJPY | EURUSD | GBPJPY | GBPUSD | USDCAD | USDJPY | XAUUSD |
|---|---|---|---|---|---|---|---|---|---|---|
| 11.9% | 4.4% | 33.1% | 45.8% | 100.0% | 24.8% | 84.4% | -57.7% | -51.7% | 33.6% | |
| GBPUSD | 14.2% | 9.3% | 15.8% | 31.9% | 84.4% | 40.1% | 100.0% | -63.1% | -51.8% | 32.6% |
| USDJPY | 11.0% | 54.4% | -22.3% | 50.9% | -51.7% | 56.4% | -51.8% | 40.6% | 100.0% | -25.9% |
| USDCAD | 11.7% | -16.3% | 6.3% | -17.3% | -57.7% | -17.9% | -63.1% | 100.0% | 40.6% | -23.6% |
| AUDUSD | 76.2% | 72.0% | -65.8% | 27.7% | 46.9% | 30.6% | 52.2% | -51.8% | -17.9% | 42.6% |
| NZDUSD | 34.1% | 31.4% | -19.3% | 22.8% | 57.5% | 22.1% | 60.1% | -53.5% | -33.1% | 37.5% |
| USDCHF | 16.2% | 27.0% | -35.7% | -4.5% | -73.8% | 4.4% | -71.6% | 57.5% | 67.4% | -23.0% |
| EURGBP | -4.8% | -7.6% | 39.3% | 34.1% | 39.1% | -18.4% | -13.2% | 2.0% | -5.1% | 6.4% |
| EURJPY | 21.8% | 60.1% | 11.5% | 100.0% | 45.8% | 84.2% | 31.9% | -17.3% | 50.9% | 6.5% |
| GBPJPY | 25.3% | 66.3% | -8.2% | 84.2% | 24.8% | 100.0% | 40.1% | -17.9% | 56.4% | 3.5% |
| AUDJPY | 72.9% | 100.0% | -70.9% | 60.1% | 4.4% | 66.3% | 9.3% | -16.3% | 54.4% | 19.9% |
| EURAUD | -70.7% | -70.9% | 100.0% | 11.5% | 33.1% | -8.2% | 15.8% | 6.3% | -22.3% | -18.8% |
| AUDCAD | 100.0% | 72.9% | -70.7% | 21.8% | 11.9% | 25.3% | 14.2% | 11.7% | 11.0% | 33.3% |
| 33.3% | 19.9% | -18.8% | 6.5% | 33.6% | 3.5% | 32.6% | -23.6% | -25.9% | 100.0% |
| Currency | AUDCAD | AUDJPY | EURAUD | EURJPY | EURUSD | GBPJPY | GBPUSD | USDCAD | USDJPY | XAUUSD |
|---|---|---|---|---|---|---|---|---|---|---|
| 4.3% | 1.9% | 37.1% | 49.4% | 100.0% | 33.3% | 85.9% | -62.8% | -53.3% | 36.9% | |
| GBPUSD | 9.7% | 11.0% | 14.3% | 34.9% | 85.9% | 47.8% | 100.0% | -71.4% | -53.3% | 33.8% |
| USDJPY | 16.9% | 53.6% | -25.5% | 46.6% | -53.3% | 48.6% | -53.3% | 48.2% | 100.0% | -29.4% |
| USDCAD | 15.2% | -11.2% | -0.1% | -16.9% | -62.8% | -24.1% | -71.4% | 100.0% | 48.2% | -19.8% |
| AUDUSD | 76.0% | 73.7% | -65.6% | 28.5% | 44.9% | 39.3% | 55.7% | -51.9% | -17.1% | 44.5% |
| NZDUSD | 36.9% | 39.7% | -19.7% | 34.9% | 61.0% | 41.7% | 67.7% | -54.7% | -27.1% | 44.0% |
| USDCHF | 19.1% | 23.6% | -38.5% | -14.3% | -80.2% | -13.1% | -80.9% | 66.0% | 67.7% | -31.0% |
| EURGBP | -10.9% | -17.1% | 45.2% | 29.5% | 29.8% | -25.5% | -22.3% | 12.2% | -2.7% | 6.3% |
| EURJPY | 20.5% | 56.3% | 13.8% | 100.0% | 49.4% | 84.5% | 34.9% | -16.9% | 46.6% | 8.6% |
| GBPJPY | 26.8% | 66.7% | -11.1% | 84.5% | 33.3% | 100.0% | 47.8% | -24.1% | 48.6% | 4.4% |
| AUDJPY | 77.2% | 100.0% | -73.4% | 56.3% | 1.9% | 66.7% | 11.0% | -11.2% | 53.6% | 18.4% |
| EURAUD | -75.7% | -73.4% | 100.0% | 13.8% | 37.1% | -11.1% | 14.3% | -0.1% | -25.5% | -16.5% |
| AUDCAD | 100.0% | 77.2% | -75.7% | 20.5% | 4.3% | 26.8% | 9.7% | 15.2% | 16.9% | 37.2% |
| 37.2% | 18.4% | -16.5% | 8.6% | 36.9% | 4.4% | 33.8% | -19.8% | -29.4% | 100.0% |
| Currency | AUDCAD | AUDJPY | EURAUD | EURJPY | EURUSD | GBPJPY | GBPUSD | USDCAD | USDJPY | XAUUSD |
|---|---|---|---|---|---|---|---|---|---|---|
| 18.3% | 0.3% | 13.0% | 10.5% | 100.0% | 8.4% | 86.5% | -68.8% | -49.2% | -5.1% | |
| GBPUSD | 24.3% | 3.3% | -0.5% | 3.6% | 86.5% | 20.4% | 100.0% | -63.0% | -47.2% | -12.0% |
| USDJPY | -18.2% | 65.2% | 10.4% | 81.4% | -49.2% | 76.6% | -47.2% | 42.6% | 100.0% | 17.3% |
| USDCAD | 11.4% | -2.6% | 7.5% | 2.3% | -68.8% | 1.3% | -63.0% | 100.0% | 42.6% | 3.2% |
| AUDUSD | 76.7% | 40.2% | -71.5% | -9.0% | 60.2% | -3.1% | 61.2% | -54.8% | -43.0% | -5.4% |
| NZDUSD | 44.8% | 14.9% | -23.0% | -0.0% | 76.8% | 7.2% | 77.9% | -53.7% | -44.7% | -13.9% |
| USDCHF | -7.3% | 11.5% | -3.9% | 9.5% | -72.1% | 6.2% | -68.7% | 64.5% | 50.4% | 10.9% |
| EURGBP | -16.7% | -6.9% | 23.3% | 9.7% | 4.4% | -27.5% | -46.2% | 1.8% | 5.5% | 15.3% |
| EURJPY | -9.0% | 74.6% | 20.7% | 100.0% | 10.5% | 93.0% | 3.6% | 2.3% | 81.4% | 16.8% |
| GBPJPY | -2.5% | 74.8% | 11.1% | 93.0% | 8.4% | 100.0% | 20.4% | 1.3% | 76.6% | 10.3% |
| AUDJPY | 45.8% | 100.0% | -49.6% | 74.6% | 0.3% | 74.8% | 3.3% | -2.6% | 65.2% | 12.3% |
| EURAUD | -79.1% | -49.6% | 100.0% | 20.7% | 13.0% | 11.1% | -0.5% | 7.5% | 10.4% | 3.3% |
| AUDCAD | 100.0% | 45.8% | -79.1% | -9.0% | 18.3% | -2.5% | 24.3% | 11.4% | -18.2% | -3.2% |
| -3.2% | 12.3% | 3.3% | 16.8% | -5.1% | 10.3% | -12.0% | 3.2% | 17.3% | 100.0% |
| Currency | AUDCAD | AUDJPY | EURAUD | EURJPY | EURUSD | GBPJPY | GBPUSD | USDCAD | USDJPY | XAUUSD |
|---|---|---|---|---|---|---|---|---|---|---|
| 49.4% | 10.5% | -21.3% | -3.6% | 100.0% | -2.5% | 86.4% | -73.7% | -66.7% | 16.6% | |
| GBPUSD | 40.4% | 7.6% | -26.2% | -11.5% | 86.4% | 13.1% | 100.0% | -74.0% | -63.9% | 14.5% |
| USDJPY | -30.9% | 48.1% | 15.6% | 74.2% | -66.7% | 65.3% | -63.9% | 52.6% | 100.0% | -0.8% |
| USDCAD | -17.1% | -22.0% | 40.4% | 4.6% | -73.7% | -6.0% | -74.0% | 100.0% | 52.6% | -12.9% |
| AUDUSD | 77.1% | 44.8% | -74.5% | -4.2% | 79.3% | 2.5% | 74.6% | -76.8% | -54.1% | 8.5% |
| NZDUSD | 58.1% | 31.2% | -46.9% | 1.0% | 83.3% | 10.9% | 81.3% | -72.4% | -52.8% | 14.0% |
| USDCHF | -37.7% | -12.8% | 25.9% | 4.2% | -87.6% | -4.4% | -83.5% | 78.3% | 59.3% | -18.0% |
| EURGBP | 3.9% | 2.5% | 15.9% | 16.4% | -2.0% | -30.8% | -48.8% | 22.3% | 13.5% | -0.7% |
| EURJPY | 1.2% | 74.0% | 2.4% | 100.0% | -3.6% | 85.9% | -11.5% | 4.6% | 74.2% | 13.2% |
| GBPJPY | -0.7% | 71.1% | -5.4% | 85.9% | -2.5% | 100.0% | 13.1% | -6.0% | 65.3% | 13.2% |
| AUDJPY | 47.5% | 100.0% | -61.1% | 74.0% | 10.5% | 71.1% | 7.6% | -22.0% | 48.1% | 6.9% |
| EURAUD | -72.0% | -61.1% | 100.0% | 2.4% | -21.3% | -5.4% | -26.2% | 40.4% | 15.6% | 4.4% |
| AUDCAD | 100.0% | 47.5% | -72.0% | 1.2% | 49.4% | -0.7% | 40.4% | -17.1% | -30.9% | 0.6% |
| 0.6% | 6.9% | 4.4% | 13.2% | 16.6% | 13.2% | 14.5% | -12.9% | -0.8% | 100.0% |
Strongest positive pairs · 1 hour
- EURUSDGBPUSD84.4%
- EURJPYGBPJPY84.2%
- AUDUSDAUDCAD76.2%
- AUDJPYAUDCAD72.9%
- AUDUSDAUDJPY72.0%
Strongest negative pairs · 1 hour
- EURUSDUSDCHF-73.8%
- GBPUSDUSDCHF-71.6%
- AUDJPYEURAUD-70.9%
- EURAUDAUDCAD-70.7%
- AUDUSDEURAUD-65.8%
A forex correlation table shows how closely the returns of two currency pairs have moved together over a recent window. Each cell is a Pearson correlation coefficient, calculated here from log returns on Yahoo Finance price feeds and shown as a percentage between -100 and +100.
How to read the matrix
- +100%: the two pairs moved in the same direction in perfect proportion.
- -100%: they moved in exactly opposite directions.
- Near 0%: there was no consistent linear relationship.
The diagonal always reads 100% because each pair is compared with itself. The matrix is symmetric, so the EURUSD row under the GBPUSD column holds the same value as the GBPUSD row under the EURUSD column. The time frame selector (5 minutes to 1 week) changes the interval of the returns being compared, so one pair can show different values on different settings. Short intervals pick up more intraday noise. The “hide weaker than” filter removes cells below a chosen strength.
What drives the sign
The sign mostly follows from shared currencies and where they sit in the quote. EURUSD and GBPUSD both have the dollar as the quote currency, so a broad dollar move pushes them the same way. In EURUSD versus USDCHF, the dollar is the quote in one pair and the base in the other. A stronger dollar lowers the first and raises the second, which produces a negative reading. EURJPY and GBPJPY share the yen, and gold (XAUUSD) is priced in dollars, which ties it to dollar pairs.
Limits
Correlation is backward-looking and can change after central bank decisions or major data releases, which appear on the economic calendar. It measures direction, not size. Two pairs at 85% can still move very different distances. It also does not show that one pair causes the other to move.
Using it for risk
Hypothetical example: if EURUSD and GBPUSD read strongly positive, holding long positions in both works much like doubling a single short-dollar position. A long EURUSD paired with a long USDCHF at a strong negative reading largely offsets itself. Before you size trades, add together the exposure you hold in correlated pairs with the position size calculator.
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