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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 
 EURNOK   0.782428 
 CHFNOK   0.770772 
 AUDNOK   0.738116 
 EURGBP   0.696557 
 EURCAD   0.691715 
 EURDKK   0.626451 
 NZDCAD   0.604211 
 GBPNOK   0.591214 
 USDNOK   0.587134 
 USDCAD   0.492895 
 USDMXN   0.436289 
 EURSEK   0.433013 
 CHFSGD   0.407773 
 AUDSGD   0.374214 
 AUDSEK   0.337956 
 EURSGD   0.336639 
 AUDUSD   0.324466 
 EURUSD   0.273827 
 EURHKD   0.264433 
 NZDSGD   0.253948 
 NZDUSD   0.224124 
 GBPCAD   0.140987 
 USDSEK   0.128942 
 AUDDKK   0.079708 
 
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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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