Pip Value Calculator

Our Pip Value Calculator will help you determine the value per pip in your trading account’s currency so that you can better manage your risk per trade.

Select a pair — Ask Price will auto-fill from live rates. You can still edit it.
Tip: 100,000 = 1 standard lot · 10,000 = 1 mini lot · 1,000 = 1 micro lot

Results

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Are you about to enter a trade? You might also want to check our position size calculator.

About the Pip Value Calculator

When trading forex, “pips” are the most basic unit of measure.

Pip stands for “percentage in point” or “price interest point”.

A pip is the smallest value change in a currency pair’s exchange rate.

For most currency pairs, a pip is a movement in the fourth decimal place (0.0001), but there are some exceptions like Japanese yen pairs where the movement is in the second decimal place (0.01).

Forex traders often use pips to reference profits or losses. For example, a trader may say
“I made 50 pips on the trade!”

This means that the trader closed a position with a profit of 50 pips. The actual cash amount this represents depends on the pip value, which is what our Pip Value Calculator can help you with.

Example:

Trading 1 lot of EUR/USD with an account denominated in EUR

One pip in decimals

0.0001

Trade size:

100,000

Account currency exchange rate:

1.13798

Pip value

0.0001 × 100,000 = 10 10 / 1.13798 = 8.78750

For forex, the Pip Calculator works as follows:

Pip Value = (Pip in decimal places × Trade Size) / Market Price