USA/BDT GBP/BDT EUR/BDT CAD/BDT JPY/BDT USA/BDT 1 ...
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Finance
USA/BDT | GBP/BDT | EUR/BDT | CAD/BDT | JPY/BDT | |
USA/BDT | 1 | ||||
GBP/BDT | -0.06508951102 | 1 | |||
EUR/BDT | -0.0176071478 | 0.6028715218 | 1 | ||
CAD/BDT | 0.9929794538 | -0.03307736401 | 0.002805583242 | 1 | |
JPY/BDT | 0.9922670325 | -0.04377623398 | 0.01481672442 | 0.9890090207 | 1 |
What can you learn from the estimated correlation coefficients? Explain, how you (assuming that you are a financial controller of a large MNC which having cash flows in all currencies) can use the estimated correlation coefficient to manage the foreign exchange rate exposure.
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