Trading Tools
Pip Value Calculator
Find what one pip is worth in US dollars on 11 forex pairs, gold and oil, for any position size. For pairs not quoted in US dollars, enter your platform's current rate.
What pip value tells you
Pip value converts a price move on the chart into money in your account. It is the missing input in position sizing: to keep a loss to a set amount, you need to know what each pip of your stop loss costs at the lot size you trade. Leverage does not change pip value; lot size and the exchange rate do.
Parameters
Enter your trade details below
1 pip = 0.0001 · 1 standard lot = 100,000 units
In standard lots: 0.10 is a mini lot, 0.01 a micro lot
Results
Value of a one-pip move on EUR/USD, in USD
Per pip on 1.00 lots
$10.00per pip
Standard
$10.00
1.00
Mini
$1.00
0.10
Micro
$0.10
0.01
Formula
How the result is calculated
Pip value in the quote currency
Pip Size × Contract Size
0.0001 × 100,000 = 10 USD
Convert to US dollars
The quote currency is USD: no conversion needed
0.0001 × 100,000 = $10.00
Scale to your position
Pip Value per Lot × Lots
$10.00 × 1.00 = $10.00
Pip values by instrument
Per lot, for a USD account, at the example rates shown. Rates move, so pip values for non-USD-quoted pairs change with them.
| Instrument | Pip size | Per lot | ||||
|---|---|---|---|---|---|---|
| EUR/USD | 0.0001 | 100,000 units | $10.00 | $1.00 | $0.10 | — |
| GBP/USD | 0.0001 | 100,000 units | $10.00 | $1.00 | $0.10 | — |
| USD/JPY | 0.01 | 100,000 units | $6.76 | $0.68 | $0.07 | USD/JPY 148.00 |
| AUD/USD | 0.0001 | 100,000 units | $10.00 | $1.00 | $0.10 | — |
| USD/CAD | 0.0001 | 100,000 units | $7.38 | $0.74 | $0.07 | USD/CAD 1.3550 |
| NZD/USD | 0.0001 | 100,000 units | $10.00 | $1.00 | $0.10 | — |
| USD/CHF | 0.0001 | 100,000 units | $11.24 | $1.12 | $0.11 | USD/CHF 0.8900 |
| EUR/GBP | 0.0001 | 100,000 units | $12.70 | $1.27 | $0.13 | GBP/USD 1.2700 |
| EUR/JPY | 0.01 | 100,000 units | $6.76 | $0.68 | $0.07 | USD/JPY 148.00 |
| GBP/JPY | 0.01 | 100,000 units | $6.76 | $0.68 | $0.07 | USD/JPY 148.00 |
| AUD/NZD | 0.0001 | 100,000 units | $6.05 | $0.61 | $0.06 | NZD/USD 0.6050 |
| XAU/USD | 0.01 | 100 ounces | $1.00 | $0.10 | $0.01 | — |
| XTI/USD | 0.01 | 1,000 barrels | $10.00 | $1.00 | $0.10 | — |
For educational purposes only. Not financial advice. Pip values depend on live exchange rates and on your broker's contract specifications; always verify on your platform before trading. Trading forex and CFDs involves significant risk of loss.
Learn the strategy
Learn how pip value works
The lessons behind the numbers: pips, lots and position sizing.
- Pip Value Calculator — How to Calculate Pip Value in Forex10 min
- Pip, Spread, Lot15 min
- Position Sizing Formulas20 min
- Leverage & Margin18 min
163 lessons · 18 sections · Cancel anytime