What is a pip?
A pip is the smallest unit of price change in a forex pair. For pairs like EUR/USD or GBP/USD it is 0.0001 (e.g. 1.0850 → 1.0851). For JPY pairs like USD/JPY it is 0.01 (e.g. 150.00 → 150.01).
Pip Value Calculator
Find the value of one pip for your currency pair and lot size. Essential for risk management and position sizing.
Works with standard (100k), mini (10k), and micro (1k) lots. JPY pairs use 0.01 pip size; other pairs use 0.0001.
Calculate Pip Value
How It Works
A pip (percentage in point) is the smallest price move for a pair. For most pairs (e.g. EUR/USD) one pip = 0.0001; for JPY pairs (e.g. USD/JPY) one pip = 0.01.
Pip value = pip size × contract units. Contract units = lot size × 100,000 (one standard lot). The result is in the pair’s quote currency; we convert to your account currency when different.
Example: EUR/USD at 1.0850, 1 standard lot. Pip size 0.0001, units 100,000 → pip value = 10 USD.
Frequently Asked Questions
Why does pip value differ for JPY pairs?
JPY is quoted with two decimal places, so one pip = 0.01. The pip value in JPY is 0.01 × contract size. We convert that to your account currency (e.g. USD) using the USD/JPY rate.
What are standard, mini, and micro lots?
One standard lot = 100,000 units; mini = 10,000 (0.1 lots); micro = 1,000 (0.01 lots). Enter the lot size as a number (e.g. 1, 0.1, 0.01). Pip value scales with lot size.
Can I use this with live prices?
Yes. Leave the price field empty and choose a supported pair (or enter it). We fetch the latest mid price from our data and use it for the calculation when available.