Currency Market Correlations: EUR, GBP, AUD, NZD, CAD
|Correlations listed below are derived from my averages 5 to 253 days. The 253 day average is an average of 7 nations yearly trading days. The 253 day is exact to USD and New Zealand. Why include 253 is because the 200 day or 6 months correspondence to markets is strange and not completely explained.
The averages total 7 which places the 50 day direct center to 5, 10 and 20 below and 100, 200 and 253 above. Averages are exact and perfect which means Correlations are perfect. Applying faulty averages from charts abuses the privilege for correct correlations. A negative correlation may end as positive or positive may end as negative.
Correlations are good for at least 1 month.
NZD/USD as seen is negatively correlated to NZD/JPY, NZD/CHF and NZD/CAD. USD/JPY owns JPY cross pairs by correlation except EUR/JPY.
NZD/USD
NZD/USD Vs NZD/JPY -12% or 12%
NZD/USD Vs NZD/CHF -0.04% or 04%
NZD/USD Vs NZD/CAD -0.27% or 27%
EUR/USD
EUR/USD Vs EUR/JPY + 0.62 or 62%
EUR/USD Vs EUR/GBP + 0.94 or 94%.
EUR/USD Vs EUR/CHF + 0.98% or 98%.
EUR/USD Vs EUR/CAD + 0.97% or 97%.
EUR/USD Vs EUR/NZD + 0.98% or 98%.
EUR/USD Vs EUR/AUD +0.85 or 85%.
GBP/USD Vs GBP/JPY -0.52 or 52%.
GBP/USD Vs GBP/CHF +0.96 or 96%.
GBP/USD Vs GBP/CAD 0.94% or 94%.
GBP/USD Vs GBP/NZD +0.97% or 97%.
GBP/USD Vs GBP/AUD +0.51% or 51%.
AUD/USD
AUD/USD Vs AUD/JPY -0.21% or 21%.
AUD/USD Vs AUD/CHF +0.95% or 95%.
AUD/USD Vs AUD/CAD +0.95% or 95%.
AUD/USD Vs AUD/NZD +0.97% or 97%.
USD/CAD
USD/CAD Vs CAD/JPY - 0.29% or 29%.
USD/CAD Vs CAD/CHF -0.47% or 47%.
CAD/JPY Vs CAD/CHF +0.42% or 42%. Same currency pair
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.