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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 
 AUDNOK   0.889509 
 NZDCAD   0.828837 
 EURGBP   0.807028 
 AUDUSD   0.757183 
 EURHKD   0.745472 
 AUDSGD   0.744840 
 EURUSD   0.744017 
 NZDUSD   0.696129 
 EURSGD   0.691928 
 NZDSGD   0.672782 
 AUDSEK   0.657655 
 CHFSGD   0.617428 
 NZDCHF   0.585178 
 EURCAD   0.564082 
 AUDDKK   0.535850 
 EURNOK   0.515590 
 EURSEK   0.501996 
 AUDCHF   0.501505 
 CHFNOK   0.479177 
 NZDJPY   0.320212 
 AUDJPY   0.274076 
 EURDKK   0.241659 
 EURCHF   0.130547 
 GBPUSD   0.068023 
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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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