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Forex Pip Calculator

Find out exactly what a pip is worth for your trade. Choose your pair, lot size and account currency — get the precise pip value in seconds, for majors, JPY pairs and crosses.

Your Trade

Pip Value
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per pip, in your account currency
Per 10 Pips
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Per 100 Pips
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Pip Value (quote)
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Total Units
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💡 Pip value is what turns "50 pips" into real money. On EUR/USD, one standard lot is worth about $10 per pip — so a 50-pip move is $500. Knowing this before you enter is how you size trades to your risk instead of guessing. Pair it with a stop-loss and you control exactly what each trade can cost.
Pip value is the math — the signal is the decision

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Pips, explained

What is a pip?

A pip ("percentage in point") is the standard smallest price move in a forex pair — the 4th decimal place for most pairs (0.0001), or the 2nd decimal for JPY pairs (0.01). If EUR/USD moves from 1.1050 to 1.1051, that's one pip.

How is pip value calculated?

Pip value = pip size × position size (units). One standard lot is 100,000 units, so on EUR/USD: 0.0001 × 100,000 = 10 units of the quote currency (USD) per pip. If your account currency differs from the quote currency, it's converted at the current exchange rate.

Why does my account currency matter?

Pip value is first calculated in the pair's quote currency (the second one). If that isn't your account currency, it has to be converted — which is why this tool asks for the rate when they differ. When they match (e.g., a USD account trading EUR/USD), no conversion is needed.

How do I use pip value to size a trade?

Decide your dollar risk and your stop distance in pips, then choose a lot size so (pips × pip value) equals your risk. Our position size calculator and position sizing guide walk through it.

Educational tool only. Pip values are calculated with standard formulas; for cross-currency conversions the result depends on the exchange rate you enter, and your broker's exact figure may vary slightly with spreads and rounding. Not financial advice. Trading involves substantial risk of loss.