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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 
 USDCAD   0.832565 
 EURCAD   0.665576 
 AUDNZD   0.620761 
 AUDCHF   0.615408 
 GBPCAD   0.534977 
 EURCHF   0.522933 
 AUDDKK   0.493678 
 AUDSGD   0.432310 
 USDCHF   0.419258 
 EURNZD   0.407439 
 AUDJPY   0.369555 
 USDHKD   0.369536 
 NZDCAD   0.327756 
 USDDKK   0.307730 
 AUDUSD   0.294019 
 EURGBP   0.293105 
 USDSGD   0.285921 
 USDMXN   0.272811 
 EURDKK   0.213746 
 USDJPY   0.141944 
 EURSGD   -0.056271 
 USDZAR   -0.137753 
 CHFSGD   -0.147534 
 EURJPY   -0.178575 
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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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