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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   0.739213 
 EURCAD   0.484567 
 EURDKK   0.475307 
 EURUSD   0.465361 
 GBPUSD   0.461066 
 EURHKD   0.460318 
 GBPCAD   0.410226 
 NZDUSD   0.387351 
 EURCHF   0.366381 
 NZDCAD   0.350194 
 AUDSGD   0.339306 
 AUDNZD   0.328310 
 AUDCHF   0.328149 
 AUDDKK   0.227267 
 AUDSEK   0.152023 
 EURNZD   0.133413 
 GBPSGD   0.104279 
 EURSGD   0.091864 
 GBPCHF   0.079337 
 AUDNOK   0.059051 
 EURSEK   0.047901 
 GBPSEK   0.029605 
 GBPDKK   0.020082 
 USDHKD   0.016708 
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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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