Pip Value Calculator
What one pip is worth in your account currency, using live exchange rates.
How is pip value calculated?
A pip is 0.0001 for most pairs and 0.01 for yen pairs. Pip value = pip size × position size, expressed in the quote currency, then converted to your account currency at the current exchange rate. One standard lot (100,000 units) of GBP/USD is worth $10 per pip, which the calculator converts to pounds at the live rate.
Work out how big a position to open with the Position Size Calculator and judge the trade with the Risk Reward Calculator.
Frequently asked questions
How much is a pip worth on a standard lot?
Usually 10 units of the quote currency for pairs quoted to 4 decimals, e.g. $10 on EUR/USD.
What is a pip in forex?
The smallest standard price move: 0.0001 for most pairs, 0.01 for pairs involving the Japanese yen.
Does pip value change?
Yes, whenever the quote currency moves against your account currency, which is why live rates are used here.
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