Correlation Analysis
U.S. Dollars to U.K. Pound Sterling Spot Exchange Rate vs Canadian Dollars to U.S. Dollar Spot Exchange Rate
DEXUSUK vs DEXCAUS
-0.606
Moderate inverse
When one moves up, the other tends to move down.
AI Analysis
The negative correlation between the DEXUSUK and DEXCAUS series indicates that when one currency appreciates, the other tends to depreciate, showing a significant inverse relationship in their movements. With over a third of periods reflecting similar trends, this suggests that investors could anticipate shifts in one currency based on movements in the other, although the one-period lead indicates that changes may not be immediate. However, caution is warranted: while the correlation is notable, it does not account for external factors that could influence currency values, and the strength of the relationship is moderate, meaning it should not be the sole basis for investment decisions.
Timing Offset
x leads y by 1 period
DEXUSUK tends to move before DEXCAUS.
Correlation at each lag offset (periods). Peak marked with dot.
Peak correlation at offset: -0.604 (13 lags scanned)
R-Squared
34.7%
Share of variance in one series explained by the other.
Trend Agreement
37.1%
How often both series moved in the same direction period-to-period.
Overlap Quality
13,850
Deep shared window — 13,850 usable pairs.
Significance
p < 0.001
95% CI: [-0.769, -0.323] (approximate)
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
13,850 paired observations survived the daily window.
Raw input
13,850
13,856
Normalized
13,850
13,856
Prepared
13,850
13,856
Aligned
13,850
13,850
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
6
A: 0 / B: 6
Series A
DEXUSUK
U.S. Dollars to U.K. Pound Sterling Spot Exchange Rate
FRED · 13,850 raw → 13,850 prepared
Series B
DEXCAUS
Canadian Dollars to U.S. Dollar Spot Exchange Rate
FRED · 13,856 raw → 13,856 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
-0.2745
Linear regression slope.
Intercept
1.6922
Linear regression intercept.
Saved 13 hours ago · ID: fred-dexusuk-vs-fred-dexcaus-daily-20260406-g0r9z8