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Create AccountPip Value Calculator
Work out what one pip is worth on your position, in your own account currency.
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 the smallest normal price move a pair makes. Knowing what one is worth turns a price move into money, which is the number you actually care about. A 30 pip move means nothing until you know whether that is $30 or $300.
Pip value depends on three things: how big your position is, which pair you are trading, and what currency your account is held in. Change any one of them and the answer changes.
When to use it
- Before sizing a trade, so you know what a stop of a given width will cost.
- When switching pairs, because the same lot size is not worth the same per pip.
- When trading gold or silver, where contract sizes are nothing like a currency pair.
- When your account is not in USD and the broker quotes pip value in dollars.
Pip value starts in the quote currency and is then converted into whatever your account is held in.
Pip Value = Pip Size × Contract Size × Lots
Then convert from the quote currency into your account currency- Most pairs — one pip is 0.0001 and a standard lot is 100,000 units, so a 1.00 lot moves $10 per pip when the quote currency is USD.
- JPY pairs — one pip is 0.01, not 0.0001, because the price is quoted to two decimals.
- XAU/USD (gold) — a standard lot is 100 ounces and a pip is taken as $0.10, giving $10 per pip.
- XAG/USD (silver) — a standard lot is 5,000 ounces and a pip is $0.01, giving $50 per pip.
A trader holds 0.50 lots of GBP/USD on an account denominated in euros.
Working: 0.0001 × 100,000 × 0.50 = $5.00 per pip. Converted at 1.08 USD to the euro, that is about €4.63. A 40 pip stop on this position therefore risks roughly €185.
Is a pip the same as a point?
No. Many brokers quote a fifth decimal, and that last digit is a point or pipette — one tenth of a pip. If your platform shows the price moving in tenths, divide by ten to get pips.
Why does my broker show a different pip value?
Brokers use the live exchange rate at the moment you look. The rates here are indicative, so a small difference is expected. The gap matters most on JPY pairs and non-USD accounts.
Does pip value change while a trade is open?
For pairs quoted in your account currency, no. For everything else, yes — the conversion rate moves, so the value of each pip drifts slightly through the life of the trade.
How do I work out pip value for gold?
Select XAU/USD. Gold uses a 100 ounce contract rather than 100,000 currency units, so the arithmetic is different even though the result happens to land near $10 per pip on a standard lot.
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