Answer Capsule: Currency correlation measures how pairs move relative to each other (+1 = identical, -1 = opposite). Trading EURUSD and GBPUSD together doubles USD exposure. Check correlation before adding positions.
Currency correlation measures how pairs move relative to each other (+1 = identical, -1 = opposite). Trading EURUSD and GBPUSD together doubles USD exposure. Check correlation before adding positions.
Understand how currency pairs move relative to each other. Avoid doubling your risk on highly correlated positions.
Values range from -100 to +100. +100 = perfect positive correlation. -100 = perfect negative. Enter recent percentage changes for each pair.
| Pair | % Change | Pair | % Change |
|---|---|---|---|
| EURUSD | GBPUSD | ||
| USDJPY | AUDUSD | ||
| USDCAD | NZDUSD | ||
| XAUUSD | BTCUSD |
Correlation changes daily. Get real-time data to update your analysis.
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