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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 
 AUDSGD   0.880191 
 AUDCHF   0.772780 
 AUDNZD   0.716356 
 AUDJPY   0.657017 
 USDCNH   0.622585 
 SGDJPY   0.550324 
 AUDUSD   0.505838 
 GBPCHF   0.497338 
 USDCHF   0.475584 
 USDPLN   0.452014 
 USDDKK   0.444614 
 EURCHF   0.442773 
 CADCHF   0.419559 
 HKDJPY   0.417663 
 USDCAD   0.398989 
 USDEUR   0.395947 
 USDRUB   0.370829 
 NZDCHF   0.359817 
 USDSEK   0.328366 
 USDGBP   0.305216 
 USDNOK   0.262933 
 EURDKK   0.261557 
 GBPNZD   0.259386 
 USDZAR   0.235105 
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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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