FreeNo login12 pairs
Forex Correlation Matrix
View correlation coefficients between major currency pairs. Avoid doubling risk on correlated positions or hedging with inversely correlated pairs.
Correlation Matrix Formula
Correlation coefficient between −1.0 (inverse) and +1.0 (same direction)
Example: EUR/USD and GBP/USD: +0.88 (strong positive). EUR/USD and USD/CHF: −0.78 (strong inverse)
Correlation Matrix FAQ
1What is forex correlation?
Correlation measures how two pairs move relative to each other. +1.0 = perfect positive (move together), -1.0 = perfect inverse (move opposite), 0 = no relation.
2Why does correlation matter?
If you're long EUR/USD and long GBP/USD (0.88 correlation), you essentially have double the risk. Use the matrix to diversify or hedge positions.
3Do forex correlations stay constant?
No. Correlations shift over time due to changing economic conditions, central bank policies, and risk sentiment. Re-check correlations monthly, as a pair that was strongly correlated six months ago may have weakened.
Related calculators
Related Trading Terms
Top Forex Brokers
Find a broker
Ready to put your calculations to work?
Compare brokers with the lowest spreads, best execution and reliable regulation.
Calculator results are estimates only — not financial advice. Trading involves significant risk of loss. Full risk disclosure.