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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   0.945174 
 AUDSGD   0.917077 
 NZDUSD   0.777384 
 NZDCAD   0.759911 
 NZDSGD   0.715132 
 EURUSD   0.614824 
 EURHKD   0.612191 
 EURDKK   0.588190 
 EURGBP   0.568377 
 EURCAD   0.512219 
 CHFSGD   0.494671 
 GBPUSD   0.468253 
 AUDCHF   0.463983 
 NZDCHF   0.457145 
 AUDDKK   0.455894 
 EURSGD   0.428701 
 AUDNZD   0.359046 
 GBPCAD   0.347094 
 AUDSEK   0.337081 
 AUDNOK   0.297745 
 GBPSGD   0.140374 
 EURCHF   0.004125 
 AUDJPY   -0.173511 
 EURNOK   -0.346743 
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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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