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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   0.718081 
 USDCNH   0.671487 
 AUDUSD   0.650034 
 AUDNZD   0.603780 
 AUDJPY   0.595596 
 EURSEK   0.575851 
 USDSEK   0.559054 
 USDCAD   0.533395 
 USDEUR   0.507732 
 AUDSGD   0.507592 
 USDDKK   0.505155 
 USDPLN   0.497646 
 USDSGD   0.487905 
 USDGBP   0.469033 
 EURGBP   0.392325 
 USDCHF   0.390697 
 USDTRY   0.375203 
 USDJPY   0.304340 
 USDNZD   0.257275 
 EURTRY   0.251050 
 NZDSGD   0.248875 
 NZDJPY   0.164678 
 NZDCHF   0.082610 
 CHFJPY   0.081743 
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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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