PIP Calculator
Our Pip Value Calculator will help you determine the value per pip in your trading account’s currency so that you can better manage your risk per trade.
All you need is the currency your account is denominated in, the currency pair you are trading, your position size, and the exchange rate asked to calculate the pip value.
Pip Value
$10.00
For educational and planning purposes
- View EUR/USD Live Chart
- View EUR/USD Historical Chart
About the Pip Value Calculator
When trading forex, “pips” are the most basic unit of measure.
Pip stands for “percentage in point” or “price interest point”.
A pip is the smallest value change in a currency pair’s exchange rate.
For most currency pairs, a pip is a movement in the fourth decimal place (0.0001), but there are some exceptions like Japanese yen pairs where the movement is in the second decimal place (0.01).
Forex traders often use pips to reference profits or losses. For example, a trader may say “I made 50 pips on the trade!”
This means that the trader closed a position with a profit of 50 pips. The actual cash amount this represents depends on the pip value, which is what our Pip Value Calculator can help you with.