Pip value calculator
See what one pip is worth in your account currency, and turn pips into money or money into pips.
Result
- 1 pip for 1 lot
- 1 pip for your lots
- 1 pip for 1 lot, in the quote currency
- Pips converted to money
- Money converted to pips
1 pip by lot size each step is 10 times
Enter the exchange rate to your account currency.
Enter the contract size.
Enter the lots to convert between pips and money.
Getting exchange rates…
1 pip = in price (0.01 for pairs quoted in yen, 0.0001 for most others, 0.1 for gold). Pip value = pip size x contract size x lots, converted from the quote currency to your account currency with the rate shown. Cross pairs such as EUR/GBP use the quote currency's own rate, not USD/JPY.
These are estimates for working out a trade. They leave out spread, commission, slippage and swap unless a field says otherwise, and every broker rounds lots and calculates margin in its own way. Check the figures on your trading platform. Nothing here is investment advice.
Exchange rates: ExchangeRate-API
What this calculator tells you
This calculator shows what one pip is worth in your account currency, for one lot and for the lot size you plan to use. It also turns a number of pips into an amount of money, and an amount into pips. It is the figure behind every stop-loss and risk calculation.
Worked examples
EURUSD, USD account: one pip of one lot is worth 10 USD. At 0.5 lot, a 25-pip move is 125 USD.
USDJPY, yen account: one pip of one lot is 1,000 JPY, so a 10-pip move at 1 lot is 10,000 JPY. No exchange rate is needed because the quote currency is your account currency.
Common mistakes and things to check
- A pip is 0.0001 on most pairs and 0.01 on yen pairs. Gold and other metals use their own sizes.
- When the quote currency differs from your account currency, the value moves with the exchange rate. Type in the rate you trust.
- Contract size is 100,000 for most forex pairs but differs for metals and indices, and by broker. Check your contract specification.
- Some platforms also show a 'point', one tenth of a pip. Do not mix the two.