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Pip Value Calculator

Find out the value of pips for the instrument pair you are trading

Trade confidently by calculating the exact pip value of each trade in your chosen currency.

This information is crucial when determining if a trade is worth the risk and in managing your risk more effectively.

Forex Calculators


Pip Value Calculator Explained | How much is each pip worth?

Our Pip Value Calculator allows you to quickly calculate the value per pip in your trading account’s currency in order to help you better manage your risk per trade.

All you need to know is what base currency your account is denominated in (deposit currency), the instrument pair you wish to trade and your trade size to determine the pip value.

What are pips in forex?

When trading forex, ‘Pip‘ stands for ‘point in percentage‘ and measures the movement in the exchange rate between two currencies.

How do I find a pip?

With most forex currency pairs, a pip movement is on the fourth decimal place of a Forex pair (0.0001), meaning it’s equivalent to 1/100 of 1%. For Japanese Yen (JPY) pairs the pip movement occurs in the second decimal place (0.01). When trading metals, one pip for Gold and Silver is 0.01.

What are fractional pips?

In addition to the standard pip, the majority of forex brokers also offer ‘fractional pip pricing’ or Pipettes. This adds a fifth decimal place, thus a fractional pip is considered one tenth of a pip. 

How to use the pip value calculator?


Select Instrument: You may choose from forex currency majors, crosses, minors and exotics. Additional pairs include indices, metals, energy (such as gold, silver and oil) and the top popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and much more.

For our example, we will choose EUR/USD to start.


Select Trade size: Note that with Forex pairs, 1 standard lot is 100,000 units, however, units for 1 lot can vary on non-forex currency pairs. You will notice there’s also the option of calculating the pip value based on the number of lots traded, or by units traded.

We will choose a trading size of 1,000 currency units, or a micro lot (0.01 lot). 


Select Deposit currency: Pip values will vary for each currency pair and cryptocurrency cross. Since pip values are subject to current market price quotes, choosing a deposit currency in this field will properly calculate the pip value for the selected instrument. 

Here we will select EUR as our deposit currency. Then click the “Calculate” button.


Results: The pip value calculator will use the current market price in real-time with the interbank rate (5-digit format) and will show the current pip value based on the selected deposit currency (in our example, we have chosen EUR). 

For example, the pip value for a 0.01 lot trade on EUR/USD with a current market rate of 1.08368 on a EUR trading account is €0.0923.

It’s also important to note that trading accounts in other base currencies, such as AUD or GBP, the value per pip can differ, depending on the current market rate for AUD/USD or GBP/USD. You can use the following formula to calculate the pip value for other currencies: 

Pip Value = ( One Pip / Exchange Rate ) * Lot Size 

Thus, this would be calculated as: 

Pip Value = (0.0001 / 1.08368) * 1,000 = €0.0923 

Frequently Asked Questions

How do you calculate pip value for one standard lot?

Most currency pairs have a standard pip value of 0.0001 and are measured to five decimal places. Keep in mind that one standard lot is equal to 100,000 units of currency. If you want to trade with smaller positions, you can select to trade mini lots (10,000 units) or micro lots (1000 units). 

How much is 0.01 pips worth?

This will depend on the currency pair you choose to trade. For example, if you trade GBPUSD, one pip is worth 0.0001, for JPY pairs such as USD/JPY, one pip is worth 0.01. Using the pip value calculator above will help you see the value of a pip (no matter what trade size) in a matter of seconds.

How much is 50 pips worth?

This will also depend on the currency pair you decide to trade. Use the pip value calculator above by entering the currency pair, number of pips and lot size to quickly calculate how much 50 pips are worth in real time.

Is 100 pips worth a standard lot?

Note that lots are measured in units of currency, not by pips. A standard lot is 100,000 currency units.

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