US Dollar / Chinese Yuan vs US Dollar / Australian Dollar

US Dollar / Chinese Yuan (USD/CNY) and US Dollar / Australian Dollar (USD/AUD) compared side by side. Over the past 90 days, USD/AUD is ahead by 0.9 percentage points (USD/CNY -2.1% against USD/AUD -1.2%). Their daily returns move barely together (correlation 0.13 across 284 shared trading days). USD/AUD has been the more volatile of the two, at 10% annualised against USD/CNY's 3%.

Correlation: 0.13
Ahead over 90 days: USD/AUD

US Dollar / Chinese YuanUSD/CNY

$6.6723

24h: +0.00%
Market cap: —
Volume 24h: —
Volatility (ann.): 3%

US Dollar / Australian DollarUSD/AUD

$1.4255

24h: -0.45%
Market cap: —
Volume 24h: —
Volatility (ann.): 10%

Performance

USD/CNYUSD/AUD

7 days-0.45%+0.28%USD/AUD
30 days-0.77%+1.60%USD/AUD
90 days-2.14%-1.24%USD/AUD

Correlation

0.13over 284 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2390d: 0.221y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	USD/CNY	USD/AUD
Max drawdown (400d)	-7.3%	-11.1%
Risk-adjusted return (90d)	-1.58	-0.17

Relative strength over 90 days: USD/AUD outperformed USD/CNY by 0.9% — measured on the USD/CNY/USD/AUD ratio, so it holds regardless of market direction.

US Dollar / Chinese Yuan →US Dollar / Australian Dollar →