Enter your currency pair, trade size (lots), pip amount, and deposit currency to find the exact monetary value of each pip. The Forex Pip Calculator returns your pip value in your chosen account currency, plus a breakdown of total pip value so you always know what a single point of movement is worth before placing a trade.
Total Pip Value
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Value Per Single Pip
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Trade Size (Units)
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Pip Size
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A pip stands for 'point in percentage' and is the smallest standardised price movement in a currency pair. For most pairs, 1 pip equals 0.0001 (the fourth decimal place). For JPY pairs, 1 pip equals 0.01 (the second decimal place). Pips are used to measure gains and losses in forex trading.
The pip value formula is: Pip Value = (Pip Size × Trade Size in Units) / Exchange Rate, then converted to your deposit currency. For example, on EUR/USD with a standard lot (100,000 units), one pip = (0.0001 × 100,000) / 1 = $10 USD. Our calculator does this automatically for any pair and account currency.
For most USD-quoted pairs (like EUR/USD, GBP/USD), 1 pip on a standard lot (100,000 units) is worth approximately $10 USD. For JPY pairs, the pip size is 0.01 instead of 0.0001, so the calculation differs slightly. The exact value depends on the currency pair and your account's deposit currency.
On a standard lot of EUR/USD, 50 pips is worth approximately $500 USD. On a mini lot (0.1 lots) it would be $50, and on a micro lot (0.01 lots) it would be $5. The total value scales directly with your lot size and the specific currency pair being traded.
A pipette (or fractional pip) is one-tenth of a pip — it appears at the fifth decimal place for most pairs (0.00001) and the third decimal place for JPY pairs (0.001). Some brokers quote prices to 5 decimal places using pipettes for greater precision in pricing and spreads.
Pip value is first calculated in the quote currency of the pair. If your account is in a different currency, the result must be converted using the current exchange rate between the quote currency and your deposit currency. This is why the same trade can have different pip values for traders with USD vs EUR accounts.
Whether 100 pips is significant depends on the currency pair and your position size. On major pairs like EUR/USD, 100 pips is a relatively large daily move. On a standard lot, 100 pips equals roughly $1,000 USD, making it a meaningful amount. On a micro lot, the same move is only $1, which is why position sizing matters.
Select your currency pair and deposit currency from the dropdowns, then enter your trade size in lots (1 = standard lot, 0.1 = mini, 0.01 = micro) and the number of pips you want to value. The calculator instantly shows the total pip value in your account currency, the value per single pip, and a breakdown table across different lot sizes.