Pip Value

How much a pip is worth in real money for any pair and lot size. Essential for setting realistic stops and take-profits before you enter the trade.

Input

Conversion used: 1.00000 USD per USD. Live · 2026-09-30 · ECB reference rates.

Pip value

PIP VALUE AT 1.00 LOT(S)
$10.00
For each pip of movement in EUR/USD
Pip value — 1 standard lot
$10.00
100,000 base units
Pip value — 1 mini lot
$1.00
10,000 base units
Pip value — 1 micro lot
$0.10
1,000 base units
Pip size
0.0001
Price increment that counts as one pip
HOW IT'S CALCULATED

Pip value = contract size × pip size × the quote currency's rate to USD. For USD-quoted pairs that last factor is 1, which is why EUR/USD gives exactly $10/pip on 1 lot. For a cross like EUR/JPY the JPY→USD leg is what keeps a pip worth about $6.60 rather than $1,000.

How this is calculated

pip value = lots × contract size × pip size × (quote currency → account currency rate)

Contract size is 100,000 units for a standard forex lot. Pip size is 0.0001 for most pairs and 0.01 for pairs quoted in yen, which is why a yen pair's pip value looks different at the same lot size.

The last term converts the result into the currency your account is held in. When the quote currency already is your account currency the rate is 1 and drops out of the sum.

When it is not, the per-pip amount arrives in the quote currency and is converted at that rate. The page fetches those rates from the European Central Bank daily reference set.

Worked example: one standard lot of EUR/USD on a US dollar account is 1 × 100,000 × 0.0001 × 1 = $10 per pip. The same lot of EUR/GBP produces a per-pip figure in pounds, which is then converted at the GBP to USD rate.

Formula last checked against the calculator’s code on .