Calculate pip value instantly for any currency pair and lot size. Perfect for beginners and professional forex traders. No registration required.
*For USD quote pairs. Other pairs require currency conversion.
Pip value is crucial for calculating profit and loss. As a beginner, understanding pip values helps you manage risk and set realistic profit targets.
Beginner Tip: Start by memorizing pip values for major pairs with your account currency. EUR/USD and GBP/USD are $10 per standard lot for USD accounts - this makes P&L calculations simple.
Follow these 5 simple steps to calculate pip value:
Choose the forex pair you want to trade (e.g., EUR/USD, GBP/JPY)
Input lot size: Standard (1.0), Mini (0.1), or Micro (0.01)
Select your trading account's base currency (USD, EUR, GBP, etc.)
Use the current market rate (our calculator updates automatically)
Click calculate to see your pip value in account currency
Quick Tip: For USD quote pairs (like EUR/USD), a standard lot always equals $10 per pip. This makes mental calculations easy during fast market moves.
A pip represents the smallest price movement in forex trading, standardizing profit and loss calculations across different currency pairs.
Understanding pip value is crucial for risk management and profit calculation in forex trading.
Several factors influence the monetary value of each pip in your trades.
1.00 standard lot, USD account
(0.0001 × 100,000) / 1 = $10
1 pip = $10.00
USD is quote currency - direct calculation
0.10 mini lot, USD account
(0.0001 × 10,000) / 1 = $1
1 pip = $1.00
USD quote pairs always have fixed pip values
1.00 standard lot, USD account
(0.01 × 100,000) / 150 = $6.67
1 pip ≈ $6.67
JPY pairs use 0.01 as one pip
1.00 standard lot, EUR account
(0.0001 × 100,000) / 1.1000 = €9.09
1 pip ≈ €9.09
EUR account requires conversion
0.50 lots, GBP account
(0.01 × 50,000) / 185 = £2.70
1 pip ≈ £2.70
Cross pair with JPY
0.01 micro lot, USD account
GBP/USD rate needed for conversion
1 pip ≈ $0.13
Cross pair requires two conversions
| Lot Size | Units | USD Pairs | JPY Pairs |
|---|---|---|---|
| Standard | 100,000 | $10/pip | ~$6.67/pip |
| Mini | 10,000 | $1/pip | ~$0.67/pip |
| Micro | 1,000 | $0.10/pip | ~$0.067/pip |
*JPY pair values based on USD/JPY = 150. Actual values vary with exchange rates.
Start by memorizing: EUR/USD standard lot = $10/pip, mini = $1/pip, micro = $0.10/pip
Always calculate pip value BEFORE entering a trade to know your exact risk
JPY pairs are different: They use 0.01 instead of 0.0001 as one pip
Cross pairs (EUR/GBP, EUR/JPY) have variable pip values - recalculate daily
Use pip value for quick profit targets: 50 pips × $10 = $500 profit
Account for pip value changes in correlation analysis when hedging positions
Consider pip value volatility in portfolio heat calculations for multi-pair strategies
Exotic pairs have higher pip values but wider spreads - factor both into calculations
Always know your pip value before entering any trade. This single habit separates professional traders from amateurs. Calculate it, write it down, and know exactly what each pip movement means for your account.
A pip (point in percentage) is the smallest price move in a currency pair, typically the fourth decimal place (0.0001) for most pairs, except JPY pairs where it's the second decimal (0.01).
Pip value = (Pip in decimal places × Trade Size) / Market Price. For USD account: 1 standard lot of EUR/USD = $10 per pip.
For most USD pairs: Standard lot (100,000) = $10/pip, Mini lot (10,000) = $1/pip, Micro lot (1,000) = $0.10/pip.
Pip value varies based on the quote currency, exchange rates, and your account currency. Cross pairs require currency conversion.
JPY pairs use 0.01 as one pip (second decimal) instead of 0.0001 (fourth decimal) due to the yen's lower value per unit.
Yes, pip value fluctuates with exchange rates, especially for pairs where your account currency isn't the quote currency.
Yes, but the pip definition varies. Gold typically uses 0.01 or 0.1, while indices use 1.0 or 0.1 as one pip.
A pipette is 1/10th of a pip - the fifth decimal place (0.00001) for most pairs or third decimal (0.001) for JPY pairs.
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Read the Complete GuideJoin Milton Markets and trade with accurate pip value calculations and competitive spreads.