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Forex Correlation Matrix

pair-to-pair correlation (returns) · 40 pairs · 1H candles · 60-period rolling

> timeframe: 1H (60 periods) · correlation of price returns · data from proprietary pipeline (50+ exchanges)
positive (move together) negative (move opposite)|value| > 70 = strong · 30–70 = moderate · < 30 = weak
AUD/CHFAUD/JPYAUD/NZDAUD/USDCAD/JPYCHF/JPYCHF/TRYEUR/AUDEUR/CADEUR/CHFEUR/GBPEUR/JPYEUR/NZDEUR/TRYEUR/USDGBP/AUDGBP/CADGBP/CHFGBP/JPYGBP/NZDGBP/TRYGBP/USDNZD/JPYNZD/USDTRY/JPYUSD/BRLUSD/CADUSD/CHFUSD/HKDUSD/INRUSD/JPYUSD/KRWUSD/MXNUSD/NOKUSD/PLNUSD/SEKUSD/SGDUSD/THBUSD/TRYUSD/ZAR
AUD/CHF—30%9%2%17%26%-3%0%0%-32%-12%0%-5%34%11%26%-10%10%5%-24%-4%-2%-0%8%-10%2%17%30%-16%5%-2%-17%-11%-13%-5%-10%9%-1%5%-10%
AUD/JPY30%—28%7%34%28%16%0%0%3%-4%0%8%8%11%8%-17%-5%10%-26%14%-5%56%-9%-19%-15%2%-2%-5%7%-13%10%-18%4%-13%-2%-21%-2%24%-13%
AUD/NZD9%28%—7%8%25%40%0%0%10%10%0%-7%0%-15%8%4%3%7%8%67%-1%8%0%-25%-19%-23%-1%-28%-27%-3%2%-14%9%-4%2%11%2%-0%27%
AUD/USD2%7%7%—-16%11%0%0%0%-6%-12%0%-10%-9%-7%-16%14%8%3%-1%4%-0%-5%8%1%-4%7%0%-8%-14%10%19%-18%-7%-1%6%4%1%35%1%
CAD/JPY17%34%8%-16%—17%9%0%0%-12%-1%0%3%3%9%12%-83%-23%-10%-1%18%-10%28%-10%-19%1%12%-1%-9%14%-7%3%-14%11%-12%2%8%-3%-9%3%
CHF/JPY26%28%25%11%17%—7%0%0%-2%-10%0%8%10%12%34%-2%7%21%-21%12%0%20%-24%-2%3%-22%-2%-9%-1%-3%6%1%2%-17%-0%4%-0%6%6%
CHF/TRY-3%16%40%0%9%7%—0%0%0%13%0%6%-11%-30%19%-8%1%6%-18%79%-9%19%-26%-72%13%-14%27%-5%-27%0%3%-5%-6%-14%-13%7%-11%-5%2%
EUR/AUD0%0%0%0%0%0%0%—0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%
EUR/CAD0%0%0%0%0%0%0%0%—0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%
EUR/CHF-32%3%10%-6%-12%-2%0%0%0%—3%0%-29%-17%5%-0%10%24%-5%-8%-3%16%7%18%20%-12%-13%-9%-12%-6%-1%-3%9%-21%-7%-1%1%-1%1%3%
EUR/GBP-12%-4%10%-12%-1%-10%13%0%0%3%—0%5%-11%14%13%1%2%10%16%12%-3%-7%-11%9%9%-21%-2%21%6%11%0%-8%-1%1%-10%13%11%-0%-11%
EUR/JPY0%0%0%0%0%0%0%0%0%0%0%—0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%
EUR/NZD-5%8%-7%-10%3%8%6%0%0%-29%5%0%—-11%-2%6%-11%-22%0%-6%10%-10%11%-11%-3%-18%-3%3%19%3%10%-20%-12%12%1%22%0%2%-17%-22%
EUR/TRY34%8%0%-9%3%10%-11%0%0%-17%-11%0%-11%—-4%-1%1%-9%2%-17%-4%9%-8%-1%-3%-7%8%20%19%-24%-30%25%-2%27%-10%18%-7%15%0%4%
EUR/USD11%11%-15%-7%9%12%-30%0%0%5%14%0%-2%-4%—-4%-20%-1%-2%3%-32%34%-15%4%34%-5%-17%-34%14%34%2%-3%-1%-3%-18%17%-1%17%-11%-12%
GBP/AUD26%8%8%-16%12%34%19%0%0%-0%13%0%6%-1%-4%—1%5%4%-26%6%-13%28%-1%-12%2%-13%3%-4%-1%-5%3%6%-25%-15%-10%9%-8%2%-16%
GBP/CAD-10%-17%4%14%-83%-2%-8%0%0%10%1%0%-11%1%-20%1%—20%14%15%-10%11%-7%-6%16%3%-14%2%-3%-17%5%-14%12%-1%15%-6%-10%1%22%-7%
GBP/CHF10%-5%3%8%-23%7%1%0%0%24%2%0%-22%-9%-1%5%20%—17%3%-2%8%-22%-4%-7%32%-37%35%-31%0%-3%1%9%-25%-3%-15%7%-2%6%-19%
GBP/JPY5%10%7%3%-10%21%6%0%0%-5%10%0%0%2%-2%4%14%17%—-11%11%22%7%-5%-13%20%-32%-6%4%-7%-21%8%-18%-10%11%-18%-9%11%-14%-20%
GBP/NZD-24%-26%8%-1%-1%-21%-18%0%0%-8%16%0%-6%-17%3%-26%15%3%-11%—-4%12%-49%-12%21%-1%13%-20%-22%15%12%-20%24%17%20%13%27%3%-23%-2%
GBP/TRY-4%14%67%4%18%12%79%0%0%-3%12%0%10%-4%-32%6%-10%-2%11%-4%—-3%9%-25%-65%7%-13%21%-23%-36%-2%5%-21%-1%-19%-4%7%-6%-3%15%
GBP/USD-2%-5%-1%-0%-10%0%-9%0%0%16%-3%0%-10%9%34%-13%11%8%22%12%-3%—-8%11%9%-3%-9%-26%-0%9%6%3%16%-13%-7%1%-1%16%-17%-3%
NZD/JPY-0%56%8%-5%28%20%19%0%0%7%-7%0%11%-8%-15%28%-7%-22%7%-49%9%-8%—2%-20%-9%-11%-2%17%2%-19%18%-15%1%-3%-11%-28%-10%26%-0%
NZD/USD8%-9%0%8%-10%-24%-26%0%0%18%-11%0%-11%-1%4%-1%-6%-4%-5%-12%-25%11%2%—20%-1%11%-15%-1%-8%-2%-7%-2%-5%15%3%-8%-7%-7%1%
TRY/JPY-10%-19%-25%1%-19%-2%-72%0%0%20%9%0%-3%-3%34%-12%16%-7%-13%21%-65%9%-20%20%—-19%3%-27%10%26%2%-9%2%4%4%11%14%11%12%6%
USD/BRL2%-15%-19%-4%1%3%13%0%0%-12%9%0%-18%-7%-5%2%3%32%20%-1%7%-3%-9%-1%-19%—-20%18%5%11%-3%-9%-23%0%-7%-10%-1%-9%-0%-15%
USD/CAD17%2%-23%7%12%-22%-14%0%0%-13%-21%0%-3%8%-17%-13%-14%-37%-32%13%-13%-9%-11%11%3%-20%—-10%-16%-1%7%-6%10%-1%21%-8%7%-4%-7%18%
USD/CHF30%-2%-1%0%-1%-2%27%0%0%-9%-2%0%3%20%-34%3%2%35%-6%-20%21%-26%-2%-15%-27%18%-10%—7%-11%-3%-0%-4%7%-14%-1%9%-4%24%-6%
USD/HKD-16%-5%-28%-8%-9%-9%-5%0%0%-12%21%0%19%19%14%-4%-3%-31%4%-22%-23%-0%17%-1%10%5%-16%7%—18%-0%10%-9%15%-3%16%-15%-0%-9%-17%
USD/INR5%7%-27%-14%14%-1%-27%0%0%-6%6%0%3%-24%34%-1%-17%0%-7%15%-36%9%2%-8%26%11%-1%-11%18%—12%-16%9%-7%6%13%13%-8%4%-8%
USD/JPY-2%-13%-3%10%-7%-3%0%0%0%-1%11%0%10%-30%2%-5%5%-3%-21%12%-2%6%-19%-2%2%-3%7%-3%-0%12%—-52%-2%-23%-4%-12%-8%-6%7%-25%
USD/KRW-17%10%2%19%3%6%3%0%0%-3%0%0%-20%25%-3%3%-14%1%8%-20%5%3%18%-7%-9%-9%-6%-0%10%-16%-52%—14%-6%-31%-5%2%11%-1%41%
USD/MXN-11%-18%-14%-18%-14%1%-5%0%0%9%-8%0%-12%-2%-1%6%12%9%-18%24%-21%16%-15%-2%2%-23%10%-4%-9%9%-2%14%—-12%14%-3%19%10%-16%22%
USD/NOK-13%4%9%-7%11%2%-6%0%0%-21%-1%0%12%27%-3%-25%-1%-25%-10%17%-1%-13%1%-5%4%0%-1%7%15%-7%-23%-6%-12%—33%58%2%7%0%4%
USD/PLN-5%-13%-4%-1%-12%-17%-14%0%0%-7%1%0%1%-10%-18%-15%15%-3%11%20%-19%-7%-3%15%4%-7%21%-14%-3%6%-4%-31%14%33%—5%-6%27%-13%-13%
USD/SEK-10%-2%2%6%2%-0%-13%0%0%-1%-10%0%22%18%17%-10%-6%-15%-18%13%-4%1%-11%3%11%-10%-8%-1%16%13%-12%-5%-3%58%5%—16%25%-19%1%
USD/SGD9%-21%11%4%8%4%7%0%0%1%13%0%0%-7%-1%9%-10%7%-9%27%7%-1%-28%-8%14%-1%7%9%-15%13%-8%2%19%2%-6%16%—8%-26%38%
USD/THB-1%-2%2%1%-3%-0%-11%0%0%-1%11%0%2%15%17%-8%1%-2%11%3%-6%16%-10%-7%11%-9%-4%-4%-0%-8%-6%11%10%7%27%25%8%—-11%21%
USD/TRY5%24%-0%35%-9%6%-5%0%0%1%-0%0%-17%0%-11%2%22%6%-14%-23%-3%-17%26%-7%12%-0%-7%24%-9%4%7%-1%-16%0%-13%-19%-26%-11%—5%
USD/ZAR-10%-13%27%1%3%6%2%0%0%3%-11%0%-22%4%-12%-16%-7%-19%-20%-2%15%-3%-0%1%6%-15%18%-6%-17%-8%-25%41%22%4%-13%1%38%21%5%—

> most_positive (move together)

CHF/TRY ↔ GBP/TRY79%
AUD/NZD ↔ GBP/TRY67%
USD/NOK ↔ USD/SEK58%
AUD/JPY ↔ NZD/JPY56%
USD/KRW ↔ USD/ZAR41%

> most_negative (move opposite)

CAD/JPY ↔ GBP/CAD-83%
CHF/TRY ↔ TRY/JPY-72%
GBP/TRY ↔ TRY/JPY-65%
USD/JPY ↔ USD/KRW-52%
GBP/NZD ↔ NZD/JPY-49%
> /how_to_use

> Correlation measures how two currency pairs move relative to each other.

> Positive (>70%) — pairs move in same direction. Avoid doubling exposure.

> Negative (<−70%) — pairs move opposite. Useful for hedging.

> Near 0 — no relationship. Good for diversification.

> Based on 1H price returns (not raw prices) over 60 periods.

> Example: EUR/USD & GBP/USD strongly correlated → buying both = same bet.

> NFA — correlations change over time. Always check current values.

> also try (forex tools)

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