Pip Value Calculator

Work out exactly how much one pip is worth for your position size, in your account currency — for any forex pair, including JPY pairs.

Position

Leave at 1 when the pair's quote currency is your account currency (e.g. EUR/USD with a USD account). Otherwise enter how much 1 unit of the quote currency is worth in your account currency.

Pip Value

Pip value (account currency)
Pip value (quote currency)
Per standard lot
Per mini lot
Per micro lot
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How much is one pip worth?

For a standard lot (100,000 units) of a pair where the quote currency equals your account currency, one pip is worth about $10. A mini lot is about $1 and a micro lot about $0.10.

How is pip value calculated?

Pip value in the quote currency = pip size (0.0001 for most pairs, 0.01 for JPY pairs) × position size in units. Convert to your account currency with the quote-to-account exchange rate.

What is the pip value for JPY pairs?

JPY pairs use a pip size of 0.01 instead of 0.0001. Switch the pip-size toggle to JPY and the calculator adjusts automatically.

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