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Pip Value Calculator

Calculate the exact monetary value of a pip for any currency pair, lot size, and account currency.

1Input Parameters

2Results

Pip Value for EUR/USD
$10.00
per pip (1 lot)
10 Pips Movement
$100.00
total value (10 pips × $10.00)
Micro Lot
$0.10
0.01 lot
Mini Lot
$1.00
0.1 lot
Standard
$10.00
1.0 lot
💡 Pip Size for EUR/USD

1 pip = 0.0001 price movement. For example, if EUR/USD moves from 1.0850 to 1.0860, that is a 10-pip move worth $100.00 at your current lot size.

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What Is a Pip?

A pip (Percentage in Point) is the smallest standard price movement in forex. For most currency pairs, a pip is 0.0001 (the fourth decimal place). For JPY pairs, a pip is 0.01 (the second decimal place).

How Pip Value Is Calculated

Pip Value = (Pip Size ÷ Exchange Rate) × Lot Size in Units

For XXX/USD pairs (where USD is the quote currency), the pip value is always $10 per standard lot, $1 per mini lot, and $0.10 per micro lot.

For USD/XXX pairs, the pip value depends on the current exchange rate and needs to be recalculated as the rate changes.

Why Pip Value Matters

  • Knowing your pip value helps calculate exact risk in dollars before entering a trade
  • Different currency pairs have different pip values — a 10-pip move on GBP/JPY is worth more than on EUR/USD
  • Your account currency affects the pip value if it differs from the pair's quote currency