The most heavily quoted pair in the market and the one most brokers price tightest.
Contract size and pip size are market conventions and are the same figures the calculators on this site use.
| Symbol | EURUSD |
|---|---|
| Base currency | EUR — euro |
| Quote currency | USD — US dollar |
| Pip size | 0.0001 |
| Standard lot | 100,000 units |
| Pip value, 1.00 lot | $10.00 |
| Pip value, 0.10 lot | $1.00 |
| Pip value, 0.01 lot | $0.10 |
| Quoted to | 5 decimal places |
| Active sessions | London, New York |
Pip values are shown for an account held in US dollars. On an account in another currency the amount is converted at the rate of the day, which the pip value calculator does for you.
| London | 08:00 – 17:00 London time |
| New York | 08:00 – 17:00 New York time |
These are the business hours of the financial centres where Frankfurt and New York trade. Session times shift through the year with daylight saving. The live session clock shows what is open right now in your own time zone.
Releases and decisions that concern the euro or the US dollar:
Rate decisions come from the European Central Bank and the Federal Reserve. Dates and times for all of these are on the economic calendar, which is updated from the published schedule.
Spread, commission and swap are set by your broker, not by the market, and they differ by account type and by the hour. No single figure would be true for most readers, so none is given here.
The broker directory lists what each firm advertises, attributed and dated, and the spread cost calculator turns whatever your broker charges into money for a given position size.
One pip on a standard lot of EUR/USD is $10.00, because a pip is 0.0001 and a standard lot is 100,000 units. A mini lot is $1.00 and a micro lot is $0.10. Those figures hold when the account is in US dollars; in any other currency the amount is converted at the rate of the day.
A standard lot is 100,000 units, a mini lot is 10,000 and a micro lot is 1,000. This is the standard contract, and it is the same at every broker.
Most brokers show a fifth decimal, and that last digit is a point or pipette, one tenth of a pip. A pip is the fourth decimal, 0.0001.
London and New York are the sessions where the currencies in this pair have their home markets open: 08:00 – 17:00 London time, 08:00 – 17:00 New York time. That is a statement about which centres are trading, not a promise about volatility on any particular day. The live session clock shows which one is open right now.
That depends entirely on your broker, your account type and the time of day, so no honest single number exists. The broker directory here lists what each firm advertises, taken from its own site and dated, and the spread cost calculator turns a spread into money for a given position size.