What each pip is worth on any pair and lot size — converted into your account currency. The number behind every profit target, stop loss, and risk-to-reward calculation.
Choose the instrument, lot size, and account currency. Pip value, plus 50/100-pip projections.
Select an instrument to calculate pip/point values
Pip value is always denominated in the quote currency — the second currency in the pair. Whether you need to divide by the exchange rate depends on whether that quote currency matches your account currency.
Case A · Quote currency = account currency
e.g. EUR/USD, GBP/USD with a USD account
Formula
Pip Value = Pip Size × Position Size
EUR/USD, 1 standard lot
0.0001 × 100,000 = $10.00 per pip
Case B · Base currency = account currency
e.g. USD/JPY, USD/CAD with a USD account
Formula
Pip Value = (Pip Size × Position Size) ÷ Rate
USD/JPY @ 110.00, 1 standard lot
(0.01 × 100,000) ÷ 110 = $9.09 per pip
For cross pairs (e.g. EUR/JPY, GBP/JPY) where neither currency is your account currency, a second conversion step is needed — multiply by the relevant cross rate to bring the value back into your account currency. The calculator handles all three cases automatically.
| Pair | Lot size | Pip size | Pip value (USD acct) |
|---|---|---|---|
| EUR/USD | 1 standard (100k units) | 0.0001 | $10.00 |
| EUR/USD | 1 mini (10k units) | 0.0001 | $1.00 |
| EUR/USD | 1 micro (1k units) | 0.0001 | $0.10 |
| USD/JPY | 1 standard (100k units) | 0.01 | ~$9.09 |
| GBP/JPY | 1 standard (100k units) | 0.01 | ~$7.50 |
A pip (percentage in point) is the smallest price movement in forex trading. For most currency pairs, a pip is 0.0001 (the 4th decimal place). For JPY pairs, a pip is 0.01 (the 2nd decimal place). It's the standard unit for measuring profit and loss.
The value of 1 pip depends on the currency pair, lot size, and your account currency. For EUR/USD trading 1 standard lot (100,000 units) with a USD account, 1 pip is worth approximately $10. For 1 mini lot (10,000 units), it's $1. For 1 micro lot (1,000 units), it's $0.10.
Pip value is denominated in the quote currency. When the quote currency matches your account currency (e.g. EUR/USD with a USD account), it's simply Pip Size × Position Size — so 0.0001 × 100,000 = $10 per pip on a standard lot. When the base currency matches your account currency (e.g. USD/JPY with a USD account), divide by the exchange rate: (0.01 × 100,000) ÷ 110 ≈ $9.09 per pip. For JPY pairs the pip size is 0.01, not 0.0001.
Pip values vary because they depend on the quote currency (second currency in the pair) and the current exchange rate. EUR/USD pip value is different from GBP/JPY because they have different quote currencies and exchange rates. Our calculator automatically handles these differences.
For JPY pairs, the pip size is 0.01, not 0.0001. Off by a factor of 100 if you mix them up. The calculator handles this automatically — but worth knowing when you size manually.
Outcome math from entry, exit, and position size — the dollar impact of every pip you just calculated.