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Pip Value Calculator

Calculate the exact monetary value of a pip for any currency pair and position size.

Calculator Settings

Select the currency pair you want to trade
Your trading account's base currency
Standard lot = 100,000 units
Current price of the currency pair

Results

Enter your trade details and click "Calculate" to see pip values

Quick Reference

  • Most pairs: 1 pip = 0.0001 (4th decimal)
  • JPY pairs: 1 pip = 0.01 (2nd decimal)
  • Standard lot pip value ≈ $10 for USD pairs
  • Mini lot = 1/10 of standard lot pip value
  • Micro lot = 1/100 of standard lot pip value

Understanding Pip Values

What is a Pip?

A pip (Percentage in Point) is the smallest price move that a given exchange rate can make. For most currency pairs, a pip is the fourth decimal place (0.0001). For pairs involving the Japanese Yen, a pip is the second decimal place (0.01).

Why Pip Value Matters

Understanding pip value is crucial for:

  • Risk Management: Know exactly how much you're risking per pip movement
  • Position Sizing: Calculate appropriate trade sizes based on risk tolerance
  • Profit Targets: Set realistic profit expectations based on pip movements
  • Stop Loss Placement: Understand the monetary impact of your stop loss distance

Pip Value Formula

Pip Value = (One Pip / Exchange Rate) × Lot Size

Examples

Example 1: EUR/USD

Trading 1 standard lot (100,000 units) of EUR/USD at 1.0850:
Pip Value = (0.0001 / 1.0850) × 100,000 = $9.22 per pip

Example 2: USD/JPY

Trading 1 standard lot (100,000 units) of USD/JPY at 149.50:
Pip Value = (0.01 / 149.50) × 100,000 = $6.69 per pip