Forex Pip Value Calculator
Find what one pip is worth for any pair and lot size, in your account currency.
Forex pip calculator
A pip is the fourth decimal on most pairs (0.0001) and the second decimal on JPY pairs (0.01); for gold most brokers treat $0.10 as one pip. Pip value = pip size × lot size in units, expressed in the quote currency, then converted to your account currency.
Pip value formula
Pip value = (pip size ÷ exchange rate) × lot size when the account currency is the base currency, or simply pip size × lot size when the account currency is the quote currency. For a standard lot of EUR/USD on a USD account: 0.0001 × 100,000 = $10 per pip. For USD/JPY on a USD account at 150.00: 0.01 × 100,000 ÷ 150 = $6.67 per pip.
Pip values for common pairs (1 standard lot, USD account)
| Pair | Pip size | Pip value |
|---|---|---|
| EUR/USD, GBP/USD, AUD/USD, NZD/USD | 0.0001 | $10.00 |
| USD/JPY (at 150) | 0.01 | ≈ $6.67 |
| USD/CHF (at 0.90) | 0.0001 | ≈ $11.11 |
| USD/CAD (at 1.36) | 0.0001 | ≈ $7.35 |
| EUR/GBP (GBP/USD 1.27) | 0.0001 | ≈ $12.70 |
| XAU/USD (gold) | 0.10 | $10.00 per 100 oz |
Frequently Asked Questions
What is a pip in forex?
A pip (percentage in point) is the smallest standard price move: 0.0001 for most pairs and 0.01 for JPY pairs. A pipette is one tenth of a pip.
How much is 1 pip on EUR/USD?
$10 per standard lot, $1 per mini lot and $0.10 per micro lot on a USD account.
How much is 1 pip on gold?
Most brokers define a gold pip as $0.10; one standard lot (100 oz) is $10 per pip, so a $1 move is worth $100.