Change ACCOUNT CURRENCY and CURRENCY PAIR
A Pip Value Calculator tells you exactly how much money one pip of movement is worth for a given trade. Here’s what you need to know:
What is a pip? A pip (percentage in point) is the smallest standard price move in a currency pair — typically the 4th decimal place for most pairs (e.g. 0.0001), or the 2nd decimal place for JPY pairs (e.g. 0.01).
What inputs does it need?
- Currency pair — e.g. EUR/USD, GBP/JPY
- Lot size — standard (100,000 units), mini (10,000), micro (1,000), or a custom amount
- Account currency — so the result is shown in your own currency
What does it calculate? The formula is essentially:
Pip value = (pip size ÷ exchange rate) × lot size
For EUR/USD with 1 standard lot: (0.0001 ÷ 1.0850) × 100,000 ≈ $9.22 per pip
Why is it useful?
- You know exactly how much you gain or lose per pip before entering a trade
- It feeds directly into your position sizing and risk management
- It helps you set stop-losses in dollar terms, not just pip counts
Example: If EUR/USD moves 50 pips against you on a 1-lot trade, and your pip value is $9.22, your loss is $461 — knowing this in advance lets you decide if that risk is acceptable.
It’s typically the first calculator traders use, since its output flows into the Profit Calculator and Lot Size Calculator as well.