First pair
Second pair
Correlations based on ~3-month historical averages (2025). Values change over time — treat as a guide, not live data.
Result (click to copy)
Frequently Asked Questions
What is currency correlation?
Currency correlation measures how two pairs move relative to each other, on a scale of −1 to +1. +1 = perfect positive (move identically). −1 = perfect negative (move in opposite directions). 0 = no relationship. Knowing this helps you avoid accidentally doubling your risk or unknowingly hedging positions.
Why do EURUSD and GBPUSD correlate?
Both pairs have USD as the counter currency. When USD strengthens, both EUR and GBP tend to weaken against it. Historical correlation is typically +0.85 to +0.95. Trading both long simultaneously is essentially the same as doubling your USD short position.
How can I use correlation in trading?
1) Avoid risk doubling: don't go long EURUSD and long GBPUSD simultaneously — they're nearly the same trade. 2) Hedging: long EURUSD + long USDCHF partially hedges USD exposure (correlation ≈ −0.93). 3) Confirmation: if EURUSD and GBPUSD both break a level, the signal is stronger.
Does correlation change over time?
Yes. Correlations shift with central bank policy changes, geopolitical events, and market regimes. The values in this calculator are historical averages — always verify with current data from your broker or trading platform, especially around major economic events.