Pip Calculator
Work out the monetary value of a pip for any forex currency pair and trade size, converted to your account currency.
Pip size auto-set to 0.0001.
How many USD equal 1 unit of your account currency. Leave at 1 if your account is in USD.
Frequently Asked Questions
What is a pip?
A pip is the smallest standard price move in a currency pair, usually the fourth decimal place (0.0001). For pairs quoted in Japanese yen, a pip is the second decimal place (0.01).
How is pip value calculated?
Pip value equals the pip size multiplied by your trade size in units. The result is in the quote currency, then converted to your account currency using the relevant exchange rate.
Does it work for any pair?
Yes. Pick from the common major and yen pairs in the preset list, or enter your own quote-to-account conversion rate to handle any currency pair.
Understanding the Pip Calculator
A pip calculator tells you exactly how much money one pip of price movement is worth before you place a forex trade. Pick a currency pair, enter your position size in units (or tap a Standard, Mini, or Micro lot preset), and the tool returns the value of a single pip plus 10, 50, and 100 pips. It automatically uses a pip size of 0.0001 for most pairs and 0.01 for pairs quoted in Japanese yen. Results are shown in both the pair's quote currency and your own account currency, so you can size positions and manage risk consistently no matter which pair you trade.
How it works
First the calculator sets the pip size from the pair: 0.0001 for standard pairs, or 0.01 when the quote currency is the Japanese yen. It multiplies that pip size by your trade size in units to get the pip value in the quote currency. For example, a standard 100,000-unit position moves the quote value by 10 units of the quote currency per pip. If the quote currency differs from your account currency, you supply (or accept the default) a quote-to-account conversion rate, and the tool divides by it to express the pip value in your account currency. It then scales that figure across 1, 10, 50, and 100 pips and formats every result in your chosen currency.
Worked example
You trade one standard lot of EUR/USD, which is 100,000 units, and your account is in USD. The pip size is 0.0001, so pip value = 0.0001 x 100,000 = 10 USD per pip. Since the quote currency (USD) matches your account currency, the conversion rate is 1, leaving 10 USD per pip. A 50-pip winning move is therefore worth 500 USD, and a 100-pip move is 1,000 USD. Switch to a micro lot of 1,000 units and each pip is worth just 0.10 USD instead.
Tips & common mistakes
- Pairs quoted in Japanese yen (such as USD/JPY or GBP/JPY) use a pip size of 0.01, not 0.0001, which the tool sets for you automatically.
- Use the Standard (100,000), Mini (10,000), and Micro (1,000) presets to fill the unit field quickly instead of typing zeros.
- When the quote currency is not your account currency, enter a current quote-to-account exchange rate so the pip value reflects what you will actually gain or lose.
- Combine pip value with your stop-loss distance in pips to size positions to a fixed risk amount per trade.
- Pip value scales linearly with position size, so doubling your units doubles your money-per-pip and your risk.
- Brokers often quote a fractional fifth decimal (a pipette); ten pipettes equal one pip, so do not confuse the two when reading prices.
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Reviewed by the TopOpenTools editorial team · Last updated June 2026. These tools provide general estimates for educational purposes only and are not financial, tax, insurance, investment, or medical advice. Verify important decisions with a qualified professional.