Currensee Correlation

See how currency pairs have moved relative to each other

Availability of Instruments

Not all instruments are available in all regions. For example, Gold and other metals are not available to U.S. customers, but are available to Canadian customers.

How to Read the Table

Each cell of the table shows the correlation coefficient between the two currency pairs (vertical headings) over the corresponding time period (horizontal headings). The following categories indicate a quick way of interpreting the table values. Note that a negative correlation means the two currency pairs correlate in the opposite directions (e.g. when the price for one goes up, the other one goes down and vice versa)

  • 0.0 to 0.2 Very weak to negligible correlation
  • 0.2 to 0.4 Weak, low correlation (not very significant)
  • 0.4 to 0.7 Moderate correlation
  • 0.7 to 0.9 Strong, high correlation
  • 0.9 to 1.0 Very strong correlation

How Correlation Coefficients are Calculated

The correlation coefficient for two exchange rates is calculated using the following formula:


This is for general information purposes only - Examples shown are for illustrative purposes and may not reflect current prices from OANDA. It is not investment advice or an inducement to trade. Past history is not an indication of future performance.