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Pip Value Calculator

What one pip is worth in your account currency, for any lot size.

Result
Pip value per 1.00 lot
10.00
Pip value for your size
10.00
Value of 10 pips
100.00
Value of 100 pips
1,000.00
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Formula

Pip value = Pip size × Contract size × Lots × (1 / Quote→Account rate)

How to read the result

  • —Pip size is 0.0001 for most pairs and 0.01 for JPY-quoted pairs.
  • —If the quote currency equals your account currency, leave the conversion rate at 1.

Frequently asked questions

What is a pip exactly?

A pip is the smallest conventional price increment of a currency pair — the fourth decimal for most pairs, the second decimal for JPY pairs. A pipette or point is one tenth of that.

Why is my pip value not constant?

It is constant only when the quote currency is your account currency. Otherwise the value moves with the conversion rate, which is why the same stop in pips can cost slightly different amounts on different days.

Educational tool only. No investment advice. Verify every number against your broker's contract specifications before trading.