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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 
 AUDSGD   0.854643 
 EURCHF   0.779156 
 AUDNZD   0.760934 
 EURSGD   0.758717 
 USDRUB   0.742292 
 EURRUB   0.738318 
 USDSGD   0.723626 
 GBPCAD   0.712875 
 EURCAD   0.711880 
 AUDCHF   0.708951 
 NZDCAD   0.699820 
 GBPSGD   0.681792 
 USDHKD   0.669496 
 USDCAD   0.651326 
 CHFPLN   0.630953 
 CHFNOK   0.609904 
 AUDJPY   0.601957 
 EURNOK   0.547874 
 USDCNH   0.537208 
 USDPLN   0.489525 
 EURPLN   0.489163 
 NZDSGD   0.487697 
 EURJPY   0.468348 
 EURNZD   0.457435 
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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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