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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
 GBPAUD   -0.707336 
 EURAUD   -0.687902 
 TRYJPY   -0.668573 
 CHFHKD   -0.588425 
 EURDKK   -0.577219 
 CHFZAR   -0.559481 
 USDAUD   -0.550459 
 BTCUSD   -0.548393 
 GBPZAR   -0.501571 
 EURZAR   -0.495380 
 GBPNZD   -0.482136 
 GBPSGD   -0.474844 
 USDTHB   -0.467902 
 USDHKD   -0.467503 
 CHFJPY   -0.455452 
 EURSGD   -0.433874 
 USDZAR   -0.411296 
 EURNOK   -0.365674 
 GBPPLN   -0.341581 
 EURNZD   -0.336699 
 USDNOK   -0.305621 
 EURHUF   -0.295664 
 USDNZD   -0.292101 
 USDSGD   -0.292024 
 EURPLN   -0.288809 
77 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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