Forex Calculators
Pip Value Calculator
What one pip is worth in your account currency
A pip is the standard unit of price movement, but what it is worth in money depends on the pair, your lot size, and your account currency. This calculator turns all of that into a single figure — the cash value of one pip — that feeds straight into your risk and position-size planning.
For planning and education only. Results exclude broker spread, swap and commission, and are not financial advice.
How to use it
- 1Pick the pair type: standard (pip = 0.0001) or a JPY pair (pip = 0.01).
- 2Choose the lot type — standard, mini or micro — and enter your trade size in lots.
- 3Enter the rate that converts the pair's quote currency into your account currency. If your account currency is the quote currency (e.g. USD account trading EUR/USD), leave it at 1.
- 4Read the pip value for one lot and for your entered size.
Frequently asked questions
What exactly is a pip?
A pip is the fourth decimal place for most pairs (0.0001) and the second decimal for JPY pairs (0.01). It is the standard smallest quoted step used to measure how far price has moved.
What do I put for the quote→account rate?
It converts one unit of the pair's quote (second) currency into your account currency. On a USD account trading a pair quoted in USD it is 1. Trading EUR/GBP on a USD account, it is the GBP/USD rate. Trading a USD/JPY-style pair on a USD account, it is 1 divided by the current USD/JPY price.
Why does pip value change per pair?
Because the pip size and the quote currency differ. A pip on a JPY pair is 0.01 rather than 0.0001, and the money it represents must be converted from the quote currency back into what your account is denominated in.