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Turn a price move into pips, and a number of pips back into a price.
Your Result
The calculation runs in your browser. Rates used for currency conversion are indicative — check your broker for the exact figure.
A pip is a unit of price, not a unit of money. The same fifty pip move is worth a different amount on every pair and every position size, which is why traders who think in pips alone are surprised by their statement at the end of the week.
This converts between the two directions. Give it two prices and it counts the pips between them; the position size then turns that count into money in your own account currency. It also shows the move in points, because most platforms quote a fifth decimal and the last digit moving is a point, not a pip.
When to use it
- When a strategy is written in pips and your platform shows prices.
- When comparing a stop on EUR/USD with one on USD/JPY, where a pip is a hundred times larger.
- When reading someone else’s trade idea and you need it in money.
- When checking whether a broker quotes in pips or points.
The move is divided by the pip size for the pair, and the pip value turns it into money.
Pips = (To Price − From Price) ÷ Pip Size
Money = Pips × Pip Value × Lots- Most pairs use a pip size of 0.0001, so 1.0850 to 1.0900 is 50 pips.
- JPY pairs use 0.01. A move from 150.00 to 150.50 is 50 pips, not 5,000.
- Gold is taken as 0.10 per pip here, and silver as 0.01, which is the convention most brokers quote.
- A point is one tenth of a pip on a five decimal quote. If your platform shows 1.08501, that last digit is a point.
EUR/USD moves from 1.0850 to 1.0900 on a 0.50 lot position, account in US dollars.
Working: 0.0050 divided by 0.0001 is 50 pips. At half a standard lot each pip is worth five dollars, so the move is worth $250. The same 50 pip move on 0.01 lots would be $5.
What is the difference between a pip and a point?
A pip is the fourth decimal on most pairs and the second on yen pairs. A point is the fifth decimal, one tenth of a pip, and it is what most platforms show moving. Ten points make one pip.
Why does the same pip count mean different money on different pairs?
Because pip value depends on the contract size and the quote currency, not on the pip count. Fifty pips on gold and fifty pips on EUR/USD are different amounts of money even at the same lot size.
Is a pip on gold really 0.10?
That is the convention most brokers use, and it is what this site uses throughout so the calculators agree with each other. Some brokers call 0.01 a pip on gold. Check your platform, because it changes every risk figure by a factor of ten.
Can the pip count be negative?
Yes, and it is shown that way. A negative count simply means the price moved down between the two figures you entered.
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