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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 
 EURDKK   0.796335 
 USDMXN   0.752516 
 EURSEK   0.750705 
 AUDSGD   0.666005 
 EURCAD   0.647880 
 NZDCAD   0.642921 
 USDCAD   0.624651 
 USDGBP   0.571194 
 EURTRY   0.568579 
 USDTRY   0.554742 
 USDSEK   0.537402 
 EURGBP   0.445170 
 AUDCHF   0.381919 
 USDDKK   0.281363 
 USDSGD   0.256843 
 NZDSGD   0.248037 
 AUDUSD   0.247314 
 AUDNZD   0.214087 
 USDEUR   0.193210 
 USDCNH   0.121609 
 EURSGD   0.092888 
 GBPCAD   0.088973 
 NZDCHF   0.076483 
 NZDUSD   0.047759 
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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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