Pip Calculator
A pip is the smallest price change in a currency pair in Forex. The pip calculator shows the value of a pip in the currency you want to trade. You'll always want to weigh the upside against the risk and plan how to manage that risk.
TUTORIAL
How to use the Pip Calculator
Step 1
Select Currency
The pip calculator uses a market price live feed with the current interbank rate (in a 5-digit format) and it will display the current pip value based on the selected account base currency (in our example, the EUR).
Step 2
Select Pair
You can select from major forex crosses, minors, exotics, the popular cryptocurrencies (such as ADA BTC, ETH, LTC and XRP) and several commodities, including Gold, Silver and Oil. Let's choose for our example the EUR/USD
Step 3
Insert trade size
Forex pairs are 100,000 units per 1 lot, but units per 1 lot vary on non-forex pairs. In this field there's also the option of calculating the pip value based on the lots traded, or, the units traded. Let's choose, for our example, a trading size lot of 10,000 currency units (0.10 mini-lot).
Step 4
Results
The pip calculator uses a market price live feed with the current interbank rate (in a 5-digit format) and it will display the current pip value based on the selected account base currency (in our example, the EUR). So, the pip value for a 0.10 lot of EUR/USD, with a market rate of 1.21580, on a EUR trading account, is currently €0.8225.
Example
Pip Value = (One Pip / Exchange Rate) * Lot Size
Pip Value = (0.0001 / 1.21580) * 10,000 = €0.8225.
PIP CALCULATOR TOOL
Try the Calculator
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UNDERSTANDING PIP
What are Pips in Forex?
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What is a Pip?
A pip in forex means the smallest price change a currency pair can make, except for fractions of a pip or 'pipettes'. For most currency pairs 1 pip is 0.0001; for currency pairs with the Japanese Yen, such as USD/JPY, 1 pip is 0.01. When trading metals, 1 pip for Gold and Silver is 0.01.
An Example
When the EUR/USD moves up from 1.0925 to 1.0926, the change is 1 pip. with 5-digit pricing, if the EUR/USD moves up from 1.09255 to 1.09260, the move would be half a pip.
Calculate results
Check out the calculator below to get your results in no time.
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Frequently Asked Questions
Search for your question and contact us if you need further assistance or have any more questions.
The pip value indicates the worth of a one-pip move in a trade, assisting traders in understanding potential profit or loss from price movements. It is computed using the formula: Lots x Contract Size x Pip Size, and is expressed in the quote currency.
