Pip Value Calculator
Pip value is how much one pip of price movement is worth on your position. It is the pair's pip size multiplied by your position size, converted into your account currency. Set your inputs below to get the value of one pip, ten pips and a hundred pips.
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.
Continue with your own chart. Upload a screenshot first, then choose Pro or Elite before Lynx runs the analysis.Trading the pair, not just the math? Drop a chart screenshot and Lynx AI reads the structure and a long or short bias, with what would invalidate it.
Get ProHow to use this calculator
- Choose the pair type. Standard for most pairs, where one pip is 0.0001, or JPY pair, where one pip is 0.01.
- Set your position size. Enter the size in units of the base currency, or tap a lot preset for standard, mini or micro.
- Set the exchange rate. Leave it at 1 if your account currency is the quote currency, otherwise enter the quote-to-account rate.
- Read the pip value. The tool returns the value of one pip, plus 10 and 100 pips, in your account currency.
The pip value formula
Pip value = pip size × position size × (quote currency → account currency rate)
- Pip size is 0.0001 for most pairs and 0.01 for pairs quoted in Japanese yen.
- Position size is your trade size in units of the base currency, the first currency in the pair.
- Conversion rate is 1 when your account currency is already the quote currency, and the current rate otherwise.
The first two terms always give you the pip value in the quote currency. Everything that follows is just how you get from the quote currency to the currency your account is denominated in.
Three cases, worked
1. The quote currency is your account currency
This is the simple case: EUR/USD, GBP/USD or AUD/USD in a USD account. The pip value is fixed and does not move with the exchange rate.
- Standard lot, 100,000 units: 0.0001 × 100,000 = $10 per pip
- Mini lot, 10,000 units: $1 per pip
- Micro lot, 1,000 units: $0.10 per pip
A 20 pip stop on a standard lot therefore risks $200.
2. Your account currency is the base currency
USD/JPY or USD/CHF in a USD account. The pip value lands in the quote currency, so you divide by the pair's own rate to get back to dollars.
- USD/JPY, standard lot: 0.01 × 100,000 = ¥1,000 per pip
- At a USD/JPY rate of 150.00: ¥1,000 ÷ 150 = about $6.67 per pip
- At a rate of 130.00 the same position is worth about $7.69 per pip
Pip value on these pairs is not constant. It drifts with the rate, which is why a fixed pip stop does not represent a fixed dollar risk over time.
3. A cross pair, where neither currency is your account currency
EUR/GBP in a USD account. Compute the pip value in the quote currency first, then convert using the rate between that quote currency and your account currency.
- EUR/GBP, standard lot: 0.0001 × 100,000 = £10 per pip
- At a GBP/USD rate of 1.2500: £10 × 1.25 = $12.50 per pip
In the calculator above, that GBP/USD rate is what goes in the exchange rate field. The same method covers EUR/JPY, GBP/JPY and any other cross.
Pip value by lot size
In quote-currency terms, before any conversion, pip value depends only on lot size and pip size:
- Standard lot (100,000 units): 10 units of the quote currency per pip on a 0.0001 pair, 1,000 on a yen pair.
- Mini lot (10,000 units): 1 unit of the quote currency per pip, 100 on a yen pair.
- Micro lot (1,000 units): 0.1 units of the quote currency per pip, 10 on a yen pair.
Any size in between scales linearly, so 37,000 units is 3.7 times the mini-lot figure. Note that brokers differ in how they quote and round: many show an extra fractional digit, some apply their own conversion rate at the moment a position is closed, and a few offer nano lots. Treat the output here as the arithmetic result and check your broker's own figure before sizing a live trade.
Why pip value matters before you enter
Pip value is the bridge between a stop measured on the chart and a loss measured in your account. A 40 pip stop is meaningless on its own: on a micro lot of EUR/USD it is $4, on a standard lot it is $400. Decide the risk in money first, then let position size fall out of it. The position size calculator does that step, and the risk/reward calculator tells you whether the target justifies the stop in the first place.
How an AI chart reader fits in
Pip value is arithmetic your broker cannot get wrong for you. Where the stop belongs is the harder question. Upload a screenshot of the pair and Lynx reads the visible structure, the levels price has reacted to, and a long or short scenario with what would invalidate it, so the stop distance you feed into this calculator has a reason behind it. It reads only what is in the image and it does not predict rates.
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). Pips are the unit traders use to measure gains, losses, stop distances and spreads.
How do you calculate pip value?
Pip value = pip size x position size in units, which gives the value of one pip in the quote currency. Multiply or divide by the relevant exchange rate to express it in your account currency. For 100,000 units of a pair with a 0.0001 pip, that is 0.0001 x 100,000 = 10 units of the quote currency per pip.
What is one pip worth on EUR/USD?
For EUR/USD the quote currency is USD, so pip value is fixed in dollars regardless of the rate: $10 per pip on a standard lot of 100,000 units, $1 on a mini lot of 10,000 units, and $0.10 on a micro lot of 1,000 units. That holds for any pair quoted in USD, such as GBP/USD or AUD/USD.
What is the pip value per lot?
For a pair quoted in your account currency, a standard lot is 10 units of currency per pip, a mini lot is 1, and a micro lot is 0.10. For every other pair the same quote-currency amounts apply, then get converted at the current exchange rate, so the value in your account currency moves as the rate moves.
How do you calculate pip value on USD/JPY?
USD/JPY has a pip size of 0.01 and is quoted in yen, so a standard lot is 0.01 x 100,000 = 1,000 yen per pip. To express that in dollars, divide by the USD/JPY rate. At a rate of 150.00 that is 1,000 / 150 = about $6.67 per pip, and it changes as the rate changes.
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 linearly with size, so a mini lot is worth exactly one tenth of a standard lot per pip and a micro lot one hundredth.
What is a pipette or fractional pip?
Many brokers quote one extra decimal place: a fifth decimal on most pairs and a third on yen pairs. That extra digit is a pipette, or fractional pip, and is one tenth of a pip. It affects how spreads are displayed, not the pip arithmetic itself.
When should I change the exchange rate field?
Leave it at 1 when your account currency is the same as the pair quote currency, for example a USD account trading EUR/USD. Otherwise enter how much one unit of the quote currency is worth in your account currency, so the result is shown in the currency your account is denominated in.
Related reading and calculators
- Pip value explained: the concept in full, with more examples.
- How to read forex charts: quotes, sessions and the quirks of a 24 hour market.
- Position size calculator: turn a pip stop into a size your account can absorb.
- Stock average calculator: average cost per share across multiple buys.
Embed this calculator on your site
Free to embed. Paste this snippet where you want the calculator to appear. Keeping the attribution link is appreciated.
Educational only. Not financial advice. NFA. Trading and investing involve significant risk of loss. Read the full risk disclosure.