How is pip value calculated?

Pip value = pip size × contract size × lot size, then converted to your account currency.

A pipette is one-tenth of a pip — the 5th decimal on most pairs. Many modern brokers quote with pipette precision.

Does pip value change?

Yes — for pairs where your account currency is the base, pip value changes with the exchange rate.

What's the pip value of one standard lot of EUR/USD?

Roughly $10 per pip for a USD-denominated account. Always verify with this calculator for your account currency.

What's the pip size for gold (XAU/USD)?

Most brokers treat 0.01 as one pip on gold, with $1 per pip per 1.00 lot. A few brokers use 0.10 — check your broker's specs.

Why do JPY pairs have a different pip?

JPY is quoted to two decimals because of the yen's lower per-unit value. The 2nd decimal therefore represents the standard price movement.

What is pip value for indices?

Indices use point value (e.g. $1 per point per lot on US30). Treat 'pip' loosely — the calculator handles conversion to your currency.

How do I convert pips to money?

Multiply pips by pip value per lot by lot size. The calculator does this automatically for any pair and account currency.

Does spread reduce my pip profit?

Yes — spread is a real cost. A 10-pip target with a 1.2-pip spread effectively nets you 8.8 pips.

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Pricing Tool

Pip Calculator

Compute the precise pip value and total profit or loss for any currency pair, in any account currency, for any lot size.

Pip Inputs

Currency pair

Account currency

Lot size

lots

Number of pips

pips

Pip value

$10.00

per pip, for 1.00 lot

Potential profit

$200.00

How this calculator works

The pip value tells you how much one pip of price movement is worth in your account currency, given a specific lot size.

For most pairs the pip size is 0.0001 and the contract size is 100,000 units. JPY pairs use 0.01. Metals like gold use 0.1 with a 100-ounce contract.

Trading example

Trading 1 standard lot of EUR/USD with a 20-pip move: pip value ≈ $10, total = $200.

Best Brokers For This Tool

Hand-picked brokers offering the best conditions for this calculation.

Best Overall

Pepperstone

4.9

From

0.5 pips

Commission: $3.5/lot
Leverage: 1:500

Open Account

Best for Beginners

Octa

4.7

From

0.6 pips

Commission: $0/lot
Leverage: 1:1000

Open Account

Most Regulated

AvaTrade

4.7

From

0.9 pips

Commission: $0/lot
Leverage: 1:400

Open Account

Frequently Asked Questions

A pip is the smallest standard price movement of a currency pair. For most pairs it's the 4th decimal (0.0001). For JPY pairs it's the 2nd decimal (0.01).

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