Forex Correlation Matrix

Daily-return correlation of major FX pairs from ECB reference rates. Green moves together, red moves opposite.

Traders use this to avoid stacking the same bet: long EURUSD and long GBPUSD is often two tickets on a similar dollar move. A strongly negative pair can hedge, but correlation changes.

PairEURUSDGBPUSDUSDJPYUSDCHFAUDUSDUSDCADNZDUSDEURGBPEURJPYGBPJPY
EURUSD
GBPUSD
USDJPY
USDCHF
AUDUSD
USDCAD
NZDUSD
EURGBP
EURJPY
GBPJPY

Tap a cell for the pair vs pair reading.

Pearson correlation of daily percent changes. Not a forecast and not your broker’s feed.

Frequently Asked Questions

It shows how major FX pairs’ daily returns moved together, from −1 (opposite) to +1 (same direction). EURUSD and GBPUSD are often positively correlated. EURUSD and USDCHF are often negatively correlated.
It is usually strongly positive on multi-month windows because both are dollar crosses, but the exact number changes. Open the EURUSD vs GBPUSD page or use the 1M vs 3M tabs.
Shorter windows react faster and are noisier. A 1-month or 3-month window is a common default. Correlation is not stable; it can flip around news and regime changes.
No. It uses daily ECB reference rates via Frankfurter to rebuild major pairs. Weekend and holiday gaps are normal. Treat the matrix as a map, not an execution quote.

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