Pip Calculator
Calculate the pip value for any currency pair in your account currency. Essential for position sizing and risk management.
Calculate Pip Value
Enter your trade parameters to calculate the pip value
Results
Select a currency pair to begin
Choose an instrument from the dropdown above
What is a Pip?
A pip (percentage in point) is the smallest price move in a forex pair. For most pairs, it's 0.0001 (4th decimal place). For JPY pairs, it's 0.01 (2nd decimal place).
How to Use
1. Select your currency pair and account currency
2. Enter your position size (lot size)
3. The calculator shows pip value in your account currency
Pip Value Formula
The pip value formula depends on whether your account currency matches the quote currency:
When account = quote currency:
Pip Value = Pip Size × Contract SizeWhen conversion is needed:
Pip Value = (Pip Size × Contract Size) × Conversion RateExample: Trading 1 standard lot of EUR/USD with a USD account:
- Contract Size: 100,000 units
- Pip Size: 0.0001
- Pip Value: 0.0001 × 100,000 = $10 per pip
