Question: You work for a U.S.-based firm that has transaction exposure to two currencies, net cash inflows in New Zealand dollars and net cash outflows in

You work for a U.S.-based firm that has transaction exposure to two currencies, net cash inflows in New Zealand dollars and net cash outflows in Japanese yen. 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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