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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 
 NZDCAD   0.800619 
 CHFJPY   0.596161 
 GBPCAD   0.575778 
 NZDSGD   0.574173 
 NZDJPY   0.512549 
 NZDUSD   0.484419 
 AUDSGD   0.481975 
 GBPJPY   0.458543 
 AUDJPY   0.419372 
 GBPSGD   0.414704 
 HKDJPY   0.403944 
 GBPUSD   0.403002 
 AUDUSD   0.392477 
 NZDCHF   0.383995 
 USDJPY   0.366335 
 SGDJPY   0.323801 
 USDNOK   0.317725 
 CHFSGD   0.298455 
 USDDKK   0.268112 
 USDEUR   0.264338 
 EURNOK   0.202013 
 EURDKK   0.201433 
 GBPCHF   0.180865 
 AUDCHF   0.177205 
 
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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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