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Pip Value Calculator

Free pip value calculator for forex pairs and gold. See how much one pip is worth in your account currency for standard, mini and micro lots.

Inputs

lots
Pre-filled with a reference rate. Enter the live price for an exact result.

Your Results

Value per pip–
Standard lot (100,000)
–
Mini lot (10,000)
–
Micro lot (1,000)
–
Pip size
–

Reference rates are used for currency conversion. Enter the live price for precision.

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How pip value is calculated

A pip is the standard unit of price movement: 0.0001 for most pairs and 0.01 for pairs quoted in Japanese yen.

Pip value (quote currency) = Pip size × Units

The result is in the pair’s quote currency, then converted to your account currency. On EUR/USD, one standard lot (100,000 units) × 0.0001 = 10 USD per pip. On USD/JPY, 100,000 × 0.01 = 1,000 JPY per pip, which at a price of 150.00 is about $6.67.

When pip value changes

If your account currency is the quote currency, pip value is fixed. Otherwise it moves with the exchange rate, so recalculate when prices have moved significantly — especially before sizing a position with the position size calculator.

Frequently asked questions

What is a pipette?
A pipette is one tenth of a pip — the fifth decimal on most pairs, or the third decimal on JPY pairs. Most brokers quote prices to pipette precision.
Why is the pip value for USD/JPY not $10?
Because USD/JPY is quoted in yen. One pip on a standard lot is 1,000 JPY, which must be converted to dollars at the current USD/JPY rate.

Calculators are provided for educational purposes. Verify contract sizes and pip definitions with your broker. Risk warning: Trading leveraged products involves a high risk of loss. Nothing on this site is investment advice.