Currency Correlations

This service provides an opportunity for traders to reduce market risks and diversify portfolios. Because currencies are priced in pairs, no single pair trades completely independently of the others. Once you know about forex correlations and how they change, you can take advantage of them to control over your portfolio's exposure.

UnderstandMarket.com provides the wide information on currency correlations in both graphical and tabular form. You need only to select the currency pairs you want to compare and the type of information you want to analyse to generate the chart and CSV file according to the options that you choose.

There are two types of information you can choose from.

• Time Dependence. This option allows you to discover current correlation and the historical data on the correlation you have chosen (here you can choose from 3-, 5-, 10-, 20- ,50 and 100-day correlations).
• Period Dependence. This option allows you to receive current data on correllation in dependence on the number of days in the time series (up to 200).

The quote database for "Currency Correlations" is usually updated twice a day at 06:00 GMT and at 18:00 GMT.