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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 
 AUDUSD   0.849524 
 AUDCHF   0.755490 
 AUDNZD   0.729834 
 AUDDKK   0.704368 
 AUDSGD   0.616776 
 EURDKK   0.610344 
 GBPUSD   0.554067 
 EURCAD   0.549409 
 AUDSEK   0.548143 
 GBPCAD   0.538805 
 EURUSD   0.487546 
 EURHKD   0.486290 
 EURCHF   0.484590 
 GBPCHF   0.316353 
 EURNZD   0.314336 
 GBPDKK   0.283696 
 GBPSEK   0.184658 
 NZDUSD   0.183799 
 USDHKD   0.183509 
 NZDCAD   0.151175 
 AUDNOK   0.126588 
 GBPSGD   0.124301 
 USDZAR   0.072413 
 USDCAD   -0.078231 
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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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