Question: You work for a U.S.-based firm that has transaction exposure to two currencies, the Norwegian krone and the Fijian dollar. Briefly explain (in one or

You work for a U.S.-based firm that has transaction exposure to two currencies, the Norwegian krone and the Fijian dollar. Briefly explain (in one or two sentences) whether a high or a low correlation between the two currencies reduces your firms overall transaction exposure.

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