Pip Value Calculator
Calculate the monetary value of a pip for any forex currency pair, lot size, and exchange rate.
Essential for forex position sizing.
Pip Value
A pip (Percentage in Point) is the smallest standard price movement in forex. For most pairs, 1 pip = 0.0001. For JPY pairs, 1 pip = 0.01.
For USD-quoted pairs (e.g., EUR/USD, GBP/USD):
Pip Value = Lot Size × 0.0001
For non-USD-quoted pairs (e.g., USD/JPY, USD/CHF):
Pip Value = (Lot Size × Pip Size) / Exchange Rate
Standard lot sizes:
- Standard lot: 100,000 units ($10/pip on EUR/USD)
- Mini lot: 10,000 units ($1/pip on EUR/USD)
- Micro lot: 1,000 units ($0.10/pip on EUR/USD)
- Nano lot: 100 units ($0.01/pip on EUR/USD)
Why pip value matters:
- Knowing pip value lets you calculate exact dollar risk from stop loss distance
- Pip value changes with exchange rate for non-USD-denominated accounts
- Always verify pip value before sizing positions in exotic pairs