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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 
 USDCAD   0.782636 
 USDNOK   0.750834 
 NZDCAD   0.742936 
 USDRUB   0.735776 
 USDGBP   0.730353 
 EURNOK   0.698774 
 CHFJPY   0.689595 
 EURCAD   0.664303 
 EURRUB   0.651287 
 USDSEK   0.643859 
 USDZAR   0.638677 
 AUDNZD   0.620736 
 USDJPY   0.603398 
 USDTRY   0.576830 
 EURJPY   0.566437 
 AUDJPY   0.536211 
 CHFSGD   0.534973 
 EURSEK   0.512830 
 GBPCAD   0.512630 
 USDSGD   0.477548 
 EURDKK   0.475601 
 EURGBP   0.469814 
 USDNZD   0.451913 
 USDDKK   0.418674 
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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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