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Use our free Forex Pip Value Calculator to instantly calculate the pip value for any forex pair, metals, indices or cryptocurrency instrument. Enter the number of pips, your lot size, account currency and traded instrument to get an accurate pip value based on live market prices.
Adjust the fields below and click “Calculate” to see how much each pip is worth for your chosen symbol and lot size.
In forex trading, a pip represents the smallest price movement a currency pair can make. For most major and minor pairs, 1 pip equals 0.0001, while Japanese Yen pairs (such as USD/JPY) use 0.01.
In general:
A pipette is one tenth of a pip (0.00001), which you will see on 5-digit or 3-digit pricing. Understanding pip value is essential because it tells you exactly how much money you gain or lose per pip move, helping you manage risk and position size correctly.
Type in the number of pips you want to measure – for example, your stop-loss size or take-profit target.
Choose the forex pair, metal, index or cryptocurrency you are trading, such as EUR/USD, GBP/JPY or XAU/USD.
You can use standard lots (1.00), mini lots (0.10), micro lots (0.01) or a custom position size depending on your trading style.
Select the currency your trading account is denominated in – for example USD, EUR, GBP, AUD or CAD. Pip values depend on this setting.
Hit the calculate button and the tool will instantly display the pip value using current interbank market prices.
If you want to understand how pip value is calculated, use the formula below:
Pip Value = (One Pip / Exchange Rate) × Lot Size
Where:
Let’s calculate the pip value of a 0.10 lot trade on EUR/USD.
Apply the formula:
Pip Value = (0.0001 / 1.21580) × 10,000
Result:
Pip Value ≈ €0.82225 per pip
If EUR/USD moves 10 pips in your favour, the profit would be:
10 × €0.82225 = €8.22
This example shows how pip value changes depending on the currency pair, account currency and lot size.
Knowing the exact pip value of your trade is a core part of professional risk management. It helps you:
Without a clear understanding of pip value, traders can easily oversize positions and damage their account with only a few losing trades.
This table shows approximate pip values for common forex pairs with USD as the account currency:
| Currency Pair | Standard Lot (1.00) | Mini Lot (0.10) | Micro Lot (0.01) |
|---|---|---|---|
| EUR/USD | $10 per pip | $1 per pip | $0.10 per pip |
| GBP/USD | $10 per pip | $1 per pip | $0.10 per pip |
| USD/JPY | ≈ $9.30 per pip | ≈ $0.93 per pip | ≈ $0.093 per pip |
| XAU/USD (Gold) | ≈ $1 per 0.01 move | varies | varies |
Values above are estimates and can vary slightly depending on your broker, contract specifications and exact exchange rate. For precise values, always rely on the real-time pip value calculator.
For most forex currency pairs, 1 pip = 0.0001. For JPY pairs such as USD/JPY or EUR/JPY, 1 pip = 0.01 because these pairs use two decimal places.
For USD-based forex pairs, pip values are typically:
Standard lot (1.00) → ≈ $10 per pip
Mini lot (0.10) → ≈ $1 per pip
Micro lot (0.01) → ≈ $0.10 per pip
No. Pip values vary based on:
That’s why traders use pip value calculators to ensure accurate risk management.
JPY pairs (USD/JPY, EUR/JPY, GBP/JPY) use **two decimal places**, so 1 pip equals 0.01 rather than 0.0001. This leads to slightly different pip value calculations.
A pipette is **1/10 of a pip** (0.00001 on most major pairs). Many brokers display pipettes for more precise pricing, especially with tight spreads.
Yes. Pip value changes in real time as currency prices move. That’s why using a live pip value calculator is the most accurate method.
If you need free forex signals or have questions about risk management and position sizing, you can contact us on Telegram: @Joanne0fx.
Trading forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. You could lose more than your initial deposit. Always calculate your pip value, position size and percentage risk before entering a trade and never risk money you cannot afford to lose.
Last updated: December 2025