Calculate the value of a pip for different currency pairs and lot sizes.
The Pip Calculator helps traders determine the monetary value of a single pip movement for different currency pairs and trade sizes.
A pip (percentage in point) is the smallest price move that a given exchange rate can make based on market convention. For most currency pairs, a pip is 0.0001 (1/100th of 1%), but for JPY pairs it's 0.01.
Understanding pip value is essential for:
A pip is typically the fourth decimal place in most currency pairs (0.0001), while a point (or pipette) is the fifth decimal place (0.00001). Some brokers quote to the fifth decimal place, making points important for precise calculations.
JPY pairs are quoted with only two decimal places (e.g., USD/JPY = 110.25), so a pip for JPY pairs is 0.01 instead of 0.0001. This affects how pip values are calculated for these pairs.
If your account is denominated in a currency different from the quote currency of the pair you're trading, the pip value needs to be converted to your account currency to accurately reflect your potential profit or loss.
Note: Pip values can change slightly as exchange rates fluctuate. For the most accurate calculations, use current market prices.