Pip Value Calculator
Pip value is how much one pip of price movement is worth on your position. It scales with your position size and the pair's pip size. Set your inputs below to get the value of one pip in your account currency.
Leave the rate at 1 if your account currency is the same as the pair's quote currency (for example, a USD account trading EUR/USD). Otherwise enter how much 1 unit of the quote currency is worth in your account currency.
Each 1-pip move is worth 10 on this position. Use it with your stop distance to size risk precisely.
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Try Bullynx freeThe pip value formula
Pip value = pip size × position size × (quote → account rate)
- Pip size = 0.0001 for most pairs, 0.01 for JPY pairs.
- Position size = your trade size in units of the base currency.
- Quote → account rate = 1 if your account currency is the quote currency, otherwise the conversion rate.
Worked example
A standard lot (100,000 units) of a standard pair, with a USD account where USD is the quote currency:
- Pip size = 0.0001
- Pip value = 0.0001 × 100,000 × 1 = $10 per pip
A 20-pip stop would therefore risk $200 on that position. Combine it with the position size calculator to keep that within your risk budget.
How to use this calculator
- Choose the pair type. Standard for most pairs (pip = 0.0001), or JPY pair (pip = 0.01).
- Set your position size. Enter units, or tap a lot preset (standard, mini, micro).
- Set the exchange rate. Leave at 1 if your account currency is the quote currency, otherwise enter the quote-to-account rate.
- Read the pip value. The tool shows the value of one pip, plus 10 and 100 pips, in your account currency.
Frequently asked questions
What is a pip?
A pip is the standard smallest price move for a currency pair. For most pairs it is the fourth decimal place (0.0001). For pairs quoted in Japanese yen it is the second decimal place (0.01). It is the unit traders use to measure gains, losses, and spreads.
How do you calculate pip value?
Pip value = pip size × position size (in units), expressed in the quote currency, then converted to your account currency using the exchange rate. For example, 100,000 units of a standard pair gives 0.0001 × 100,000 = 10 units of the quote currency per pip.
What are standard, mini, and micro lots?
A standard lot is 100,000 units of the base currency, a mini lot is 10,000 units, and a micro lot is 1,000 units. Pip value scales directly with size: a mini lot is worth one tenth of a standard lot per pip.
When should I change the exchange rate field?
Leave it at 1 when your account currency matches the pair’s quote currency, such as a USD account trading EUR/USD. If they differ, enter how much one unit of the quote currency is worth in your account currency so the pip value is shown in your currency.
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Educational only. Not financial advice. NFA. Trading and investing involve significant risk of loss. Read the full risk disclosure.