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Pip value calculator
What a pip is
A pip is the standard unit of a price change in forex: 0.0001 for most pairs (EUR/USD moving from 1.0850 to 1.0851 is one pip) and 0.01 for pairs with the Japanese yen (USD/JPY from 150.00 to 150.01). Many brokers quote one extra decimal, a tenth of a pip, called a point or pipette. Gold has no official pip; on a 100-ounce lot each $0.01 is $1 and each $1 is $100, which the gold option above shows.
The formula
Pip value in the quote currency = units × pip size. Then convert into your account currency:
- USD second (EUR/USD, GBP/USD, AUD/USD, NZD/USD): the result is already in dollars. 100,000 × 0.0001 = $10 per standard lot, always.
- USD first (USD/JPY, USD/CHF, USD/CAD): the result is in yen, francs or Canadian dollars, so divide by the pair's price. USD/JPY at 150.00: 100,000 × 0.01 = ¥1,000 ÷ 150 = $6.67.
- Cross pairs (EUR/GBP, EUR/JPY, GBP/JPY, AUD/NZD): the result is in the second currency, so convert it with that currency's dollar rate. EUR/GBP with GBP/USD at 1.3000: 100,000 × 0.0001 = £10 × 1.30 = $13.00. EUR/JPY with USD/JPY at 150.00: ¥1,000 ÷ 150 = $6.67.
Pip values at example rates
Rates below are round examples to show the arithmetic, not live prices; the calculator uses the rate you type.
| Pair | Pip | Rate used | 1.00 lot | 0.10 lot | 0.01 lot |
|---|---|---|---|---|---|
| EUR/USD, GBP/USD, AUD/USD, NZD/USD | 0.0001 | any | $10.00 | $1.00 | $0.10 |
| USD/JPY | 0.01 | 150.00 | $6.67 | $0.67 | $0.07 |
| USD/CHF | 0.0001 | 0.8000 | $12.50 | $1.25 | $0.13 |
| USD/CAD | 0.0001 | 1.4000 | $7.14 | $0.71 | $0.07 |
| EUR/GBP | 0.0001 | GBP/USD 1.3000 | $13.00 | $1.30 | $0.13 |
| EUR/JPY, GBP/JPY | 0.01 | USD/JPY 150.00 | $6.67 | $0.67 | $0.07 |
| XAU/USD (gold) | $0.01 per oz | any | $1.00 | $0.10 | $0.01 |
Checks by hand: USD/CHF 100,000 × 0.0001 = 10 francs ÷ 0.80 = $12.50. USD/CAD 10 Canadian dollars ÷ 1.40 = $7.14. The yen pairs: ¥1,000 ÷ 150 = $6.666, shown as $6.67.
From pip value to risk per trade
The reason to know the pip value is the stop loss. Risk = stop distance in pips × pip value × lots. A 30-pip stop on EUR/USD with 0.20 lots risks 30 × $1 × 2 = $60 (0.20 lots is $2 per pip). Turned around, if you want to risk $50 with a 25-pip stop, the lot size is 50 ÷ (25 × 10) = 0.20 lots. The lot size calculator does that step, the profit calculator turns an open and close price into dollars and pips, and what is forex explains lots, leverage and margin from the beginning.
Accounts in other currencies
If your account is in euros or another currency, divide the dollar pip value by the EUR/USD price (or multiply by USD/XXX for currencies quoted dollar first). A $10 pip is €9.26 at EUR/USD 1.0800. Your platform shows the exact pip value in the order ticket; this page is for understanding it and checking the platform.
See the sizing in real trades
Every gold trade we send to VIP members has an entry, a stop loss and targets, and we publish the week's results in our public Telegram channel, losing trades included. Open our bot to see how it works. It answers in English.
Questions people ask
How much is 1 pip in EUR/USD?
$10 for a standard lot (100,000 euros), $1 for a mini lot and $0.10 for a micro lot, whatever the price is.
How much is 1 pip in USD/JPY?
A pip is 0.01 yen. For one standard lot it is ¥1,000, which is $6.67 at 150.00 and $6.25 at 160.00. It changes with the price.
How much is 1 pip in gold?
Gold has no official pip. On a 100-ounce lot every $0.01 is $1 and every $1 is $100. Some platforms call $0.10 a pip, which is $10 per lot.
Does the pip value change with leverage?
No. Leverage changes the margin your broker locks, not what a pip is worth. Pip value depends only on the position size and the exchange rate.
What is a pipette?
A tenth of a pip, the fifth decimal on most pairs (third on yen pairs). Brokers quote it so spreads can be shown more precisely.
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