Pip Calculator
Calculate the value of a pip for any currency pair and lot size in your account currency.
Calculate Pip Value
Pip Value
$10.00
Pip Size0.0001
Contract Size100,000 units
Currency PairEUR/USD
Account CurrencyUSD
Understanding Pips
A pip is the smallest standard unit of price movement in forex trading. For most currency pairs, one pip equals 0.0001 — the fourth decimal place. For JPY pairs, one pip equals 0.01 — the second decimal place. Knowing your pip value helps you calculate potential profit or loss and set appropriate stop-loss and take-profit levels for every trade.