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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 
 USDTRY   0.786792 
 EURCAD   0.784835 
 AUDNZD   0.781989 
 EURNOK   0.698663 
 EURGBP   0.683098 
 EURNZD   0.673565 
 EURCHF   0.661302 
 USDCAD   0.642649 
 EURTRY   0.622381 
 GBPCAD   0.587568 
 EURUSD   0.580686 
 GBPNZD   0.544241 
 USDNOK   0.536295 
 USDNZD   0.514707 
 EURAUD   0.455286 
 EURRUB   0.399447 
 USDCNH   0.368508 
 EURJPY   0.326854 
 EURDKK   0.304936 
 AUDSGD   0.250892 
 EURSGD   0.224960 
 USDGBP   0.206334 
 CHFSGD   0.192905 
 EURSEK   0.171668 
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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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