📐 Pip Calculator
Calculate the exact value of a pip in your account currency. Essential for proper position sizing and risk management.
Calculate Pip Value
Real-timeWhat is a Pip?
A pip (percentage in point) is the smallest price movement in a currency pair. For most pairs, it's the fourth decimal place (0.0001). For JPY pairs, it's the second decimal (0.01).
Pip Value Formula
Pip Value = (0.0001 ÷ Exchange Rate) × Lot Size × 100,000
Lot Sizes
| Standard | 1.00 | 100,000 units |
| Mini | 0.10 | 10,000 units |
| Micro | 0.01 | 1,000 units |
💡 Pro Tip
Always calculate pip value before entering a trade. This helps you set appropriate stop loss levels and manage risk effectively.
Frequently Asked Questions
How is pip value calculated?
Pip value depends on the currency pair, lot size, and your account currency. For USD quote pairs (EUR/USD), 1 standard lot = $10 per pip. For other pairs, the exchange rate conversion is applied.
Why are JPY pairs different?
Japanese Yen pairs are quoted to 2 decimal places instead of 4, so a pip is 0.01 instead of 0.0001. The pip value calculation is adjusted accordingly.
What's a pipette?
A pipette is 1/10th of a pip (the 5th decimal place). Some brokers quote prices with pipettes for tighter spreads. Our calculator uses standard pip values.