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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 
 NZDCAD   0.876440 
 AUDUSD   0.836078 
 NZDSGD   0.822124 
 NZDUSD   0.816828 
 AUDCHF   0.792235 
 EURDKK   0.750448 
 EURUSD   0.721111 
 NZDCHF   0.709682 
 AUDJPY   0.674609 
 AUDSGD   0.673232 
 EURTRY   0.612094 
 NZDJPY   0.503167 
 AUDNZD   0.481209 
 USDMXN   0.455945 
 USDTRY   0.448529 
 EURSGD   0.401548 
 EURGBP   0.370885 
 EURCHF   0.355602 
 EURCAD   0.321443 
 GBPUSD   0.137849 
 USDHKD   0.104093 
 EURRUB   0.074878 
 USDGBP   -0.133706 
 EURSEK   -0.181393 
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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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