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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 
 AUDJPY   0.813488 
 AUDUSD   0.790472 
 SGDJPY   0.758877 
 EURJPY   0.732174 
 AUDCHF   0.716641 
 GBPJPY   0.678174 
 AUDSGD   0.620538 
 GBPUSD   0.607074 
 CHFJPY   0.587027 
 EURUSD   0.546333 
 USDJPY   0.521681 
 HKDJPY   0.518164 
 AUDNZD   0.457534 
 CADJPY   0.399863 
 NZDJPY   0.386379 
 GBPCHF   0.381381 
 GBPCAD   0.324823 
 NZDUSD   0.275533 
 NZDCAD   0.267340 
 EURCHF   0.251026 
 EURCAD   0.172950 
 NZDCHF   0.165591 
 EURTRY   0.074946 
 GBPNZD   0.013827 
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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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