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Pip Value Calculator
See exactly what one pip is worth for any pair and position size, converted into your account currency at the live market rate.
Pip value at your size$10.00
Pip size0.0001
Per standard lot (1.00)$10.00
Per mini lot (0.10)$1.00
Per micro lot (0.01)$0.10
Value of 10 pips$100.00
Value of 50 pips$500.00
Value of 100 pips$1,000.00
Turn pip value into a position size with the Position Size Calculator
Pip values for the major pairs
Live pip values for a USD account at common position sizes. JPY pairs use a pip size of 0.01; all other majors use 0.0001.
| Currency pair | Pip size | Per standard lot (1.00) | Per mini lot (0.10) | Per micro lot (0.01) |
|---|---|---|---|---|
| EUR/USD | 0.0001 | $10.00 | $1.00 | $0.10 |
| USD/JPY | 0.01 | $6.26 | $0.63 | $0.06 |
| GBP/USD | 0.0001 | $10.00 | $1.00 | $0.10 |
| USD/CHF | 0.0001 | $12.31 | $1.23 | $0.12 |
| USD/CAD | 0.0001 | $7.21 | $0.72 | $0.07 |
| AUD/USD | 0.0001 | $10.00 | $1.00 | $0.10 |
| NZD/USD | 0.0001 | $10.00 | $1.00 | $0.10 |
How it works
Pip value = Pip size × Units × (Quote → account conversion rate)
Pip size = 0.0001 (0.01 for JPY-quoted pairs)Worked example
For one standard lot (100,000 units) of EUR/USD in a USD account, the pip value is 0.0001 × 100,000 = $10.00. For USD/JPY the pip size is 0.01, so the JPY pip value is converted to dollars at the live USD/JPY rate.
FAQ
What is a pip?
A pip is the standard unit of price movement in forex: 0.0001 for most pairs and 0.01 for pairs quoted in Japanese yen. If EUR/USD moves from 1.0840 to 1.0841, it has moved one pip.
Why is the pip value different for JPY pairs?
Yen-quoted pairs are priced with two decimal places instead of four, so one pip is 0.01. The resulting pip value is in yen and is converted into your account currency at the live rate, which is why it changes throughout the day.
Does my account currency change the pip value?
Yes. The pip value is first computed in the pair’s quote currency, then converted into your account currency at the live market rate. A EUR-denominated account sees different dollar-pair pip values than a USD account.
How do I use pip value to manage risk?
Multiply the pip value at your position size by your stop-loss distance in pips to get the money at risk on the trade. Pairing this with a fixed risk percentage is the basis of position sizing.
What is a pip worth over 10, 50 or 100 pips?
The result also shows the cash value of 10-, 50- and 100-pip moves at your entered size, so you can map a target or stop into money at a glance.
Does the table update with live prices?
Yes. The majors table is server-rendered from the same live rates the calculator uses and stays in the page HTML for crawlers.
How is this different from the position size calculator?
Pip value tells you what one pip is worth at a given size. Position size works backwards from a risk amount and stop distance to recommend the size. Use both: this tool to understand the pair, then position size to trade it.
Related calculators
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Size positions in lots and units from your balance, risk % and stop-loss distance.
Lot Size CalculatorConvert lots to units and check what your size really risks at the stop.
Profit CalculatorP/L of a long or short trade in pips and money, at live prices.
Margin & Leverage CalculatorRequired margin at any leverage tier, or the max size your margin allows.
Trading Risk KitR:R and breakeven win rate, risk of ruin, and Kelly criterion staking.
Compounding CalculatorProject account growth period by period with reinvested returns.
The results produced by these calculators are estimates based on live market prices and the inputs you provide. They are for informational purposes only and do not constitute investment advice. Actual trading conditions, including spreads, commissions, swap rates and broker margin requirements, may differ. Trading foreign exchange and CFDs carries a high level of risk and may not be suitable for all investors.
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