Free trading calculator
Pip value calculator: what is one pip worth?
A pip is the small unit a price moves in. This calculator shows how much money one pip moves your account, so you understand what a 10, 20 or 50-pip move really means.
Every pip EUR/USD moves in your favour earns about USD 1.00, and every pip against you costs the same. A 10-pip move is USD 10.00.
| Lot size | 1 pip | 10 pips | 50 pips |
|---|---|---|---|
| 0.01 (micro) | USD 0.1000 | USD 1.00 | USD 5.00 |
| 0.10 (mini) | USD 1.00 | USD 10.00 | USD 50.00 |
| 1.00 (standard) | USD 10.00 | USD 100.00 | USD 500.00 |
Loading exchange rates…
How to use the pip value calculator
- Pick your account currency.
- Choose what you are trading.
- Type your trade size in lots (0.01 is the smallest trade at most brokers).
- Read the value of one pip, and use the table to compare micro, mini and standard lots.
Example: EUR/USD on a USD account
- 1 pip on EUR/USD is a move of 0.0001.
- 0.0001 × 100,000 units = $10 per pip on 1.00 lot, $1 on 0.10, $0.10 on 0.01.
- A 30-pip move on 0.10 lots is therefore about $30.
Common mistakes
- Thinking all pips are worth the same. On USD/JPY, USD/ZAR or gold the value is different and changes with the price.
- Mixing up pips and points. Most platforms show 5 decimals; the last digit is a point, and 10 points make 1 pip.
Questions
What is a pip?
For most pairs a pip is the fourth decimal (0.0001). For pairs with the Japanese yen it is the second decimal (0.01).
What is a pip on gold?
Brokers differ. We count $0.10 as one pip on gold, which makes one pip worth $10 on a 1.00 lot of 100 ounces. Check your broker's contract specification.
Why does the pip value change?
When the profit currency of the pair is not your account currency, the pip value is converted at the current exchange rate, so it moves a little every day.
More free calculators
- Position size calculator
How many lots to open so a losing trade only costs what you planned.
- Margin calculator
How much money your broker locks to open a trade with leverage.
- Profit and loss calculator
What you make or lose if price moves from A to B.
- Risk/reward calculator
Is the trade worth it? Your reward versus your risk, and the win rate you need.
- Loss recovery calculator
Why big losses are hard to win back, and what a losing streak does.
Calculators are for education and planning. Results exclude spread, commission and swap, and brokers may use different contract sizes. Check your broker's contract specification before trading. Not investment advice.