What is a pip in forex trading?

A pip, or 'percentage in point,' is the smallest price movement in forex trading. For most currency pairs, one pip equals 0.0001, except for JPY pairs where one pip equals 0.01.

How do I calculate pip value?

Pip value is calculated using the formula: Pip Value = (One Pip / Exchange Rate) × Lot Size. This shows the monetary worth of a single pip movement in your trade.

Why does pip value differ between currency pairs?

Pip value changes based on the currency pair and your account currency. For example, pip values are different in EUR/USD versus USD/JPY due to exchange rate differences and decimal placements.

Is this pip calculator accurate for all lot sizes?

Yes. You can enter standard, mini, or micro lot sizes in units to get accurate pip values regardless of trade size.

Do I need the exact exchange rate to calculate pip value?

You can enter an approximate exchange rate, but using the current live rate will give the most accurate pip value. If left blank, this calculator defaults to 1.0.

Forex Pip Calculator

Account Currency: Currency Pair: Lot Size (units):

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