Forex Pip Value Calculator
See exactly how much one pip is worth before you place a trade, so you can size positions and set stops with real numbers instead of guesswork.
Pick how the pair is quoted. JPY pairs use a larger pip size; cross pairs need the current rate to convert.
Standard, mini, and micro are the common lot sizes. Choose custom to type an exact unit count.
Total currency units in your position (1 standard lot = 100,000).
Exchange rate used to convert the pip into USD. For USD/CHF use the USD/CHF rate; for cross pairs use the quote-currency to USD rate.
A 1-pip move on a standard lot is worth about $10.00 in your account.
For educational purposes only. Read our risk warning before trading.
How pip value is calculated
One pip is the smallest standard price move in a pair. Its money value depends only on the pip size and how many units you trade, then a conversion to your account currency when the pair is not quoted in USD.
Pip value per pip for USD-quoted pairs
| Lot type | Units | Pip size | Value per pip |
|---|---|---|---|
| Standard | 100,000 | 0.0001 | $10.00 |
| Mini | 10,000 | 0.0001 | $1.00 |
| Micro | 1,000 | 0.0001 | $0.10 |
| Standard (JPY) | 100,000 | 0.01 | ≈ $6.60 at 151.00 |
Frequently Asked Questions
A pip is the smallest standard price move in a pair. For most pairs it is the fourth decimal (0.0001); for JPY pairs it is the second decimal (0.01).
A standard lot is 100,000 units. On a USD-quoted pair, 0.0001 × 100,000 = $10, so each pip moves your position by ten dollars.
JPY pairs use a 0.01 pip size and are quoted in yen, so the calculator divides by the USD/JPY rate to express the pip value in dollars.
When the pair is not quoted in USD, the raw pip value is in another currency. The rate converts it back to USD so the number matches your account.
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