Forex Pip Calculator
Find out what one pip is worth in USD or the quote currency for your currency pair and lot size.
Forex Pip Calculator
Find out what one pip is worth for your currency pair and position size. A pip is the smallest standard price move for the pair.
Your trade
One pip is 0.0001 for EUR/USD. For pairs quoted in USD (ending in /USD), the pip value is in USD. For pairs starting with USD, the pip value in USD is divided by the exchange rate. For cross pairs such as EUR/GBP, the pip value is shown in the quote currency, not in USD.
Pip value (per 1 pip move)
$10.00
per pip in USD
Educational calculator only, not financial advice. Pip values change with the exchange rate, and this result does not include spreads, commissions, swaps, or leverage effects. Some brokers quote fractional pips (pipettes); this calculator uses standard whole pips.
Example: EUR/USD at 1.0850 with 1 standard lot (100,000 units) is $10 per pip, and a mini lot (10,000 units) is $1 per pip.
About our Forex Pip Calculator
Choose a currency pair, enter the exchange rate, and pick a standard, mini, micro, or custom lot size to see the value of one pip. Pairs quoted in USD give a USD pip value directly, pairs starting with USD divide by the exchange rate, and cross pairs show the pip value in the quote currency. This is an educational calculator only and does not include spreads, commissions, or leverage effects.
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Frequently Asked Questions
What is a pip in forex?
A pip is the smallest standard price move for a currency pair: 0.0001 for most pairs and 0.01 for pairs involving the Japanese yen (JPY).
How much is one pip worth for EUR/USD with 1 standard lot?
At any rate, 1 standard lot (100,000 units) of EUR/USD is $10 per pip, and a mini lot (10,000 units) is $1 per pip, because EUR/USD is quoted in USD.
Why does the USD/JPY pip value depend on the exchange rate?
For pairs starting with USD, the pip value in USD is (pip size multiplied by units) divided by the exchange rate, so it changes as the rate moves.
What does the calculator show for cross pairs like EUR/GBP?
It shows the pip value in the quote currency, for example per pip in GBP, because neither currency in the pair is USD. You would need the current GBP/USD rate to convert that figure to USD.
Does this include spreads, commissions, or leverage?
No. The result is the pip value only. Spreads, commissions, swap charges, and leverage can change your actual profit or loss, so check your broker's terms.