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Pip value calculator

See what one pip is worth for any major currency pair and position size.

Value of one pip
USD 10.00
on 1 lots of EURUSD
Pip size
0.0001
Units
100,000
Value of 10 pips
USD 100.00
Value of 50 pips
USD 500.00

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One lot is 100,000 base-currency units. A conversion rate is needed when quote and account currencies differ. Table rows without a rate show an em dash.

Pip value by pair
PairPip sizePer standard lotYour position
EURUSD0.0001USD 10.00USD 10.00
GBPUSD0.0001USD 10.00USD 10.00
AUDUSD0.0001USD 10.00USD 10.00
USDJPY0.01——
USDCHF0.0001——

How to use the pip value calculator

  1. Pick the currency pair and account currency.
  2. Enter your position size in lots (1 lot = 100,000 units).
  3. If needed, enter account-currency units for ONE quote-currency unit, then read the value of one pip.

Formula

Units = lots × 100,000Pip value = pip size × units × quote-to-account currency rateEURUSD: 0.0001 × 100,000 = USD 10.00 per pip on 1 lots

FAQ

What is a pip?

This calculator uses a price step of 0.0001 for the listed non-JPY pairs and 0.01 for USDJPY. Multiplying that step by the position’s base-currency units gives its quote-currency value.

Why do JPY pairs have a different pip value?

USDJPY uses a pip size of 0.01. Its pip value is in yen before conversion. A different account currency requires the account-currency units for ONE yen as an input.

How does position size change pip value?

Pip value is proportional to position size. Doubling the lots doubles the base-currency units and the value of each pip, with the same conversion rate.

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