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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

  Period, days
 USDAUD   -0.854283 
 USDNZD   -0.852923 
 EURAUD   -0.842270 
 USDSGD   -0.787433 
 EURNZD   -0.767340 
 GBPNZD   -0.711699 
 GBPAUD   -0.693881 
 USDJPY   -0.624011 
 USDDKK   -0.503336 
 USDEUR   -0.459489 
 AUDNZD   -0.433412 
 USDCAD   -0.371254 
 USDCHF   -0.342470 
 CHFJPY   -0.340891 
 GBPSGD   -0.321319 
 GBPCAD   -0.310018 
 GBPJPY   -0.308559 
 BTCUSD   -0.289507 
 EURJPY   -0.257333 
 GBPCHF   -0.210444 
 CADJPY   -0.172759 
 GBPUSD   -0.093557 
 EURCAD   -0.038152 
 USDGBP   0.102903 
 CADCHF   0.124519 
38 rows returned

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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