Pip Calculator
Calculate the value of a pip in forex trading based on currency pair, lot size, and account currency. Essential tool for risk management and trade planning.
Step 1: Trade Specifications
Understanding Pips
A pip (percentage in point) is the smallest price move in forex. For most pairs 1 pip = 0.0001, for JPY pairs 1 pip = 0.01. Pip value depends on trade size and account currency.
Step 2: Account & Pricing
About Pip Value
Pip value = (1 pip / exchange rate) * trade size, then converted to account currency if needed. Use this to calculate risk and position size.
Pip Value Results
Summary
Lot Comparison
Breakdown
Pip Value (in account currency)
0.91
For EUR/USD, 1 mini lot (10,000), account USD
Trade Size (units)
10,000
Pip Decimal
0.0001
Exchange Rate
1.1000
Account Currency
USD
Pip Value for Different Lot Sizes
| Lot Type | Units | Pip Value (account currency) |
|---|
Pip Value Breakdown
Calculation Formula
Pip Value = (Pip in decimal / Exchange Rate) × Trade Size (in base currency) → convert to account currency
If account currency equals quote currency, pip value = pip decimal × trade size. If different, conversion applies.
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