Pip value calculator
A pip is the standard unit of price movement: 0.0001 for most currency pairs and 0.01 for pairs quoted in Japanese yen. Pip value tells you how many dollars you make or lose for every pip the price moves, at the position size you choose.
How it's calculated
Pip value = Pip size × Contract size × Lots, converted to US dollars at the current exchange rate
Example: One standard lot of USD/JPY at 157.00: 0.01 × 100,000 = ¥1,000 per pip, which is 1,000 ÷ 157 = $6.37 per pip.
Questions
What is a pip?
A pip is a standard unit of price movement. For most currency pairs it is the fourth decimal place (0.0001); for pairs quoted in Japanese yen it is the second (0.01). Many brokers show one extra digit, called a pipette, which is a tenth of a pip.
How are pips counted for gold, silver and crypto?
Conventions differ between brokers. This calculator, like the TradeBaazi simulator, counts a $0.10 move in gold, a $0.01 move in silver and a $1 move in Bitcoin or Ether as one pip.
Why is one pip worth $10 on EUR/USD?
A standard lot of EUR/USD is 100,000 euros. A 0.0001 move on 100,000 units is 10 units of the quote currency, and the quote currency of EUR/USD is the US dollar, so it is $10.
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For education only. TradeBaazi is a trading simulator: no real money is traded, and nothing here is financial advice.