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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   0.893155 
 NZDCHF   0.847593 
 NZDSGD   0.776927 
 NZDUSD   0.774204 
 AUDUSD   0.771816 
 AUDCHF   0.628954 
 AUDSGD   0.585842 
 USDCNH   0.454614 
 EURNOK   0.449380 
 EURGBP   0.384681 
 EURSEK   0.338573 
 EURUSD   0.287930 
 USDGBP   0.262226 
 EURDKK   0.248372 
 USDMXN   0.245679 
 NZDJPY   0.136755 
 USDNOK   0.050069 
 USDSEK   -0.027925 
 USDPLN   -0.107219 
 EURCAD   -0.109107 
 USDHKD   -0.114407 
 GBPUSD   -0.246703 
 SGDJPY   -0.256362 
 USDCAD   -0.273571 
 
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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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