US Dollar / Indian Rupee vs US Dollar / Australian Dollar

US Dollar / Indian Rupee (USD/INR) and US Dollar / Australian Dollar (USD/AUD) compared side by side. Over the past 90 days, USD/INR is ahead by 1.0 percentage points (USD/INR -0.2% against USD/AUD -1.2%). Their daily returns move barely together (correlation 0.12 across 284 shared trading days). Both have run at a similar volatility, around 9% annualised.

Correlation: 0.12
Ahead over 90 days: USD/INR

US Dollar / Indian RupeeUSD/INR

$94.7500

24h: -0.17%
Market cap: —
Volume 24h: —
Volatility (ann.): 9%

US Dollar / Australian DollarUSD/AUD

$1.4319

24h: +0.35%
Market cap: —
Volume 24h: —
Volatility (ann.): 10%

Performance

USD/INRUSD/AUD

7 days+0.01%+0.28%USD/AUD
30 days-1.01%+1.60%USD/AUD
90 days-0.20%-1.24%USD/INR

Correlation

0.12over 284 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1590d: 0.071y: 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/INR	USD/AUD
Max drawdown (400d)	-3.4%	-11.1%
Risk-adjusted return (90d)	-0.02	-0.17

Relative strength over 90 days: USD/INR outperformed USD/AUD by 1.1% — measured on the USD/INR/USD/AUD ratio, so it holds regardless of market direction.

US Dollar / Indian Rupee →US Dollar / Australian Dollar →