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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   0.891343 
 EURSEK   0.747305 
 NZDCAD   0.673182 
 AUDUSD   0.657686 
 USDSEK   0.638194 
 USDCHF   0.625340 
 USDCAD   0.619785 
 NZDCHF   0.610443 
 USDGBP   0.541312 
 EURGBP   0.535576 
 AUDJPY   0.501750 
 USDNOK   0.487055 
 USDCNH   0.479109 
 USDDKK   0.473220 
 USDEUR   0.471087 
 EURCHF   0.467216 
 NZDJPY   0.416684 
 USDTRY   0.409498 
 AUDNZD   0.394445 
 EURNOK   0.334893 
 NZDSGD   0.322177 
 EURTRY   0.281688 
 EURCAD   0.273462 
 USDJPY   0.266712 
 
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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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