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Forex Correlation Correlation Calculator  
Learning about forex correlation helps traders manage their portfolios more appropriately. Regardless of your trading strategy and whether you are looking to diversify your positions or find alternate pairs to leverage your view, it is very important to keep in mind the correlation between various currency pairs and their shifting trends

Symbol   Period, days  
 SymbolCorrelation
 AUDCAD   1.000000 
 AUDUSD   0.922570 
 AUDCHF   0.922262 
 AUDNZD   0.905037 
 AUDJPY   0.887099 
 NZDJPY   0.802268 
 NZDUSD   0.752666 
 HKDJPY   0.676449 
 CHFJPY   0.664314 
 NZDCHF   0.619355 
 EURDKK   0.617022 
 CADJPY   0.590355 
 SGDJPY   0.510903 
 USDGBP   0.506952 
 NZDSGD   0.471507 
 EURGBP   0.432772 
 EURJPY   0.404324 
 EURRUB   0.385855 
 CADCHF   0.376311 
 USDRUB   0.235016 
 EURUSD   0.198897 
 NZDCAD   0.175565 
 USDJPY   0.121712 
 USDHKD   0.085188 
 CHFSGD   -0.071521 
 
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Education Stock Correlation - Explanation
Correlation is the statistical measure of the relationship between two currency pairs. The correlation coefficient ranges between -1 and +1. A correlation of +1 implies that the two currency pairs will move in the same direction 100% of the time. A correlation of -1 implies the two currency pairs will move in the opposite direction 100% of the time. A correlation of zero implies that the relationship between the currency pairs is completely random. Correlations do not always remain stable and can even change on a daily basis. Correlation analysis can help you to diversify your positions. Imperfect correlation between two different currency pairs allows for more diversification and marginally lower risk.



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