Pip Calculator โ Forex Pip Value Calculator
Calculate the pip value in your account currency for any instrument and lot size. Supports 76+ instruments across forex, metals, crypto, indices and commodities. Enter the conversion rate using the live TradingView widget on the right.
โ๏ธ Pip Value Calculator
Fill in the fields and press Calculate.
What are pips?
The building block of forex pricing.
EUR/USD: 1 pip = 0.0001. The 4th decimal is the pip; 5th is a pipette.
What are Pips in Forex?
A pip (Percentage in Point) is the smallest standardised price movement in a currency pair. It is the unit forex traders use to measure how much a pair has moved, how far their stop loss is, and how much money they stand to gain or lose per trade.
1 pip = 0.0001 โ the 4th decimal place. The 5th decimal is a pipette (0.1 pip). Moving from 1.1321 โ 1.1322 = 1 pip.
1 pip = 0.01 โ the 2nd decimal place. The 3rd decimal is the pipette. Moving from 113.21 โ 113.22 = 1 pip.
How to Calculate Pip Value
Pip value tells you exactly how much money you make or lose per pip movement, in your account currency. It depends on three things: the pip size of the instrument, your lot size, and the current exchange rate between the instrument's quote currency and your account currency.
Pip size = 0.0001, contract size = 100,000, 1 standard lot, conversion = 1 (both USD).
0.0001 ร 1 ร 100,000 ร 1 = $10.00 per pip.
Pip size = 0.01, contract size = 100,000, 1 standard lot. Quote currency is JPY. If USD/JPY = 150, conversion rate (JPYโUSD) = 1/150.
0.01 ร 1 ร 100,000 ร (1/150) โ $6.67 per pip.
Common Pip Values โ 1 Standard Lot, USD Account
| Pair / Instrument | Pip Size | Contract Size | Value per Pip (USD) |
|---|---|---|---|
| EUR/USD | 0.0001 | 100,000 | $10.00Fixed |
| GBP/USD | 0.0001 | 100,000 | $10.00Fixed |
| AUD/USD | 0.0001 | 100,000 | $10.00Fixed |
| USD/JPY | 0.01 | 100,000 | ~$6โ7Fluctuates |
| USD/CAD | 0.0001 | 100,000 | ~$7โ8Fluctuates |
| USD/CHF | 0.0001 | 100,000 | ~$10โ12Fluctuates |
| XAU/USD (Gold) | 0.01 | 100 | $1.00Per 0.01 |
| BTC/USD | 1 | 1 | ~$1.00Fluctuates |
Values marked "Fluctuates" change with the current exchange rate. Use the calculator above for exact values.
Pip Value by Lot Size (EUR/USD, USD Account)
| Lot Type | Lot Size | Units | Pip Value (USD) |
|---|---|---|---|
| Standard | 1.00 | 100,000 | $10.00 |
| Mini | 0.10 | 10,000 | $1.00 |
| Micro | 0.01 | 1,000 | $0.10 |
| Nano | 0.001 | 100 | $0.01 |
Frequently Asked Questions
What is a pip in forex trading?
A pip is the smallest standard price movement in a forex pair. For most pairs (EUR/USD, GBP/USD, etc.) 1 pip = 0.0001. For JPY pairs (USD/JPY, EUR/JPY) 1 pip = 0.01. Some brokers quote a 5th decimal place called a pipette, which equals 0.1 pip.
How much is 1 pip worth in EUR/USD?
For EUR/USD, 1 pip on a standard lot (100,000 units) equals exactly $10 USD. On a mini lot (10,000 units) it equals $1.00, and on a micro lot (1,000 units) it equals $0.10. Because EUR/USD is a USD-quoted pair, this value is fixed regardless of the current price.
Why does pip value fluctuate on JPY pairs?
For USD/JPY, pip value in a USD account depends on the current USD/JPY exchange rate. Formula: (0.01 ร 100,000) รท exchange rate. At USD/JPY = 150, pip value โ $6.67. At 140, pip value โ $7.14. This is why you need to enter the current conversion rate manually.
Why do I need to enter a conversion rate?
When your account currency differs from the instrument's quote currency, pip value must be converted. For example, if you have a CHF account and trade EUR/USD (quote = USD), you need to enter the USD/CHF rate so the calculator can express pip value in CHF. The TradingView widget on the right shows you the live rate to enter.
What instruments does this pip calculator support?
This calculator supports 76+ instruments including all major, minor, and exotic forex pairs, gold (XAU/USD), silver (XAG/USD), major cryptocurrencies (Bitcoin, Ethereum, Solana), global indices (US30, NAS100, SPX500), and commodities (WTI crude oil, Brent crude, natural gas).
Does pip value change with lot size?
Yes โ pip value scales linearly with lot size. If 1 standard lot on EUR/USD gives $10 per pip, then 0.5 lots gives $5 per pip, 0.1 lots (mini) gives $1 per pip, and 0.01 lots (micro) gives $0.10 per pip. The lot size field in this calculator accepts any decimal value, not just preset options.