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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  
 SymbolCorrelation
 AUDCAD   1.000000 
 AUDNOK   0.646730 
 AUDNZD   0.579072 
 AUDUSD   0.575878 
 CHFPLN   0.519542 
 CHFNOK   0.492932 
 USDNOK   0.467590 
 USDCAD   0.461802 
 EURNOK   0.459123 
 EURPLN   0.422109 
 USDHUF   0.419663 
 USDPLN   0.419465 
 AUDDKK   0.413726 
 AUDSGD   0.391079 
 USDGBP   0.373050 
 EURILS   0.353608 
 CHFSGD   0.345714 
 USDILS   0.340128 
 CHFJPY   0.296734 
 USDNZD   0.279676 
 USDCZK   0.277617 
 GBPNOK   0.256907 
 GBPHUF   0.205321 
 EURDKK   0.205000 
 AUDJPY   0.203791 
 
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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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