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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  
 AUDCAD   1.000000 
 AUDCHF   0.692659 
 CHFSGD   0.592856 
 NZDCAD   0.550761 
 AUDUSD   0.535363 
 EURCAD   0.473999 
 AUDNZD   0.396409 
 USDGBP   0.378622 
 NZDCHF   0.375723 
 USDCAD   0.360068 
 USDRUB   0.289062 
 EURRUB   0.261903 
 EURGBP   0.214416 
 NZDUSD   0.136831 
 USDMXN   0.094662 
 EURCHF   0.093220 
 USDCHF   0.053015 
 EURNOK   0.034981 
 USDNOK   0.033668 
 USDSEK   0.032848 
 USDEUR   0.027286 
 EURSEK   0.026981 
 SGDJPY   0.026834 
 USDDKK   0.013427 
 GBPCAD   0.003138 
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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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