Forex Pip Calculator
Calculate the value of a pip in your account currency based on lot size, pip value, and currency pair.
Pip Value
A pip (percentage in point) is the smallest standard price move in forex, typically the 4th decimal place (0.0001) for most pairs, or the 2nd decimal (0.01) for JPY pairs.
Pip Value = (Pip Size / Exchange Rate) × Lot Size
Standard lot sizes:
- Standard Lot: 100,000 units
- Mini Lot: 10,000 units
- Micro Lot: 1,000 units
- Nano Lot: 100 units
For USD-quoted pairs (e.g., EUR/USD):
- 1 pip = $10 per standard lot
- 1 pip = $1 per mini lot
- 1 pip = $0.10 per micro lot
For other pairs, the pip value depends on the exchange rate of the quote currency to your account currency.
Example: EUR/USD at 1.1050, standard lot: 1 pip = (0.0001 / 1.1050) × 100,000 = $9.05 (in EUR). In USD: $10.00.