Pip Calculator โ Forex Pip Value Calculator for Instruments
Calculate pip value in USD, EUR, GBP and other account currencies across forex, crypto, metals, indices and commodities.
๐ Live Price: EUR/USD
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How to Calculate Pip Value
A pip (percentage in point) is the smallest standard price increment in a forex pair. For most pairs it is 0.0001 (4th decimal place). For JPY pairs it is 0.01 (2nd decimal place).
The formula for pip value in your account currency is:
For example: 1 standard lot of EUR/USD at a pip size of 0.0001 and contract size of 100,000 = $10 per pip in a USD account.
Common Pip Values (1 Standard Lot, USD Account)
| Pair | Pip Size | Contract Size | Value per Pip (USD) |
|---|---|---|---|
| EUR/USD | 0.0001 | 100,000 | $10.00 |
| GBP/USD | 0.0001 | 100,000 | $10.00 |
| USD/JPY | 0.01 | 100,000 | ~$9.09 |
| AUD/USD | 0.0001 | 100,000 | $10.00 |
| USD/CAD | 0.0001 | 100,000 | ~$7.69 |
| XAU/USD | 0.1 | 100 | $10.00 |
| BTC/USD | 0.01 | 1 | ~$0.01 |
Frequently Asked Questions
What is a pip in forex trading?
A pip is the smallest standard price movement in a currency pair. For most pairs it is 0.0001. For JPY pairs (USD/JPY, EUR/JPY etc.) it is 0.01. Some brokers quote a 5th decimal place called a pipette (fractional pip).
How much is 1 pip worth in EUR/USD?
For EUR/USD, 1 pip on a standard lot (100,000 units) equals $10 USD. On a mini lot (10,000 units) it equals $1, and on a micro lot (1,000 units) it equals $0.10.
Does pip value change with price?
For USD-quoted pairs like EUR/USD, pip value stays fixed at $10 per standard lot regardless of price. For cross pairs and JPY pairs, pip value fluctuates with the current exchange rate โ which is why our calculator uses live prices.
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).