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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 
 AUDCHF   0.702617 
 AUDSGD   0.614039 
 EURILS   0.557109 
 AUDUSD   0.496431 
 AUDJPY   0.440444 
 NZDCAD   0.420921 
 NZDCHF   0.370659 
 NZDUSD   0.333398 
 NZDSGD   0.323665 
 USDHKD   0.302729 
 NZDJPY   0.297173 
 EURHKD   0.266281 
 EURPLN   0.236658 
 USDGBP   0.227058 
 CHFPLN   0.221645 
 USDCAD   0.213263 
 CHFNOK   0.207350 
 USDCHF   0.199048 
 EURGBP   0.123908 
 USDEUR   0.118683 
 USDDKK   0.118113 
 USDILS   0.108783 
 USDSEK   0.085917 
 EURCHF   0.066214 
 
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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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