Pip Calculator
Calculate the exact dollar value of 1 pip for any currency pair and lot size
1 pip =
$10.00
EUR/USD · 1 lot · Account in USD
Note: Cross-pair values are approximate based on typical exchange rates.
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What is a Pip in Forex?
A pip (percentage in point) is the smallest standard price movement in forex. For most currency pairs like EUR/USD, 1 pip = 0.0001 (the 4th decimal place). For JPY pairs like USD/JPY, 1 pip = 0.01.
Why it matters: Knowing your pip value helps you calculate exactly how much money you gain or lose per pip movement — essential for position sizing and risk management.
FAQ
How much is a pip worth in forex?
For EUR/USD with a standard lot (100,000 units), 1 pip = $10. For a mini lot (10,000 units), 1 pip = $1. For a micro lot (1,000 units), 1 pip = $0.10. The exact value depends on the pair.
What is a pip in forex trading?
A pip is the smallest standard price move. For most pairs it's the 4th decimal (0.0001). For JPY pairs it's the 2nd decimal (0.01).
How do I calculate pip value for different lot sizes?
Pip value = pip size × lot size × contract size ÷ exchange rate. For USD quote pairs, it's straightforward: 0.0001 × lots × 100,000.