A pip value calculator tells you how much one pip is worth in your account currency for a given Forex pair and lot size. Pip values vary by pair (because the quote currency is different) and by lot size. Use this calculator to size your stops and take-profits before deploying any EA, and to verify the per-pip risk your Expert Advisor will actually take on a live account.
Pip Value Calculator
How the Pip value calculator works
For most Forex pairs, one pip equals 0.0001 in the quote currency. For JPY pairs, one pip equals 0.01. A standard lot is 100,000 units of the base currency, so 0.10 lot on EURUSD = 10,000 EUR, and one pip = 1 USD. For gold (XAUUSD), one pip is typically 0.01 dollars per ounce and one standard lot is 100 ounces, but many brokers use the convention of 10 oz per lot with $1 per pip on a 0.01-lot. Always confirm pip size and contract size with your broker.
Frequently asked questions about the pip value calculator
What is a pip in Forex trading?
A pip is the smallest standardised price move in a Forex pair. For most pairs, one pip equals 0.0001 in the quote currency (the second currency in the pair). For JPY pairs, one pip equals 0.01. The pip value in account currency depends on the lot size and current exchange rate.
What is the pip value of EURUSD?
For a standard lot (100,000 units) of EURUSD, one pip equals 10 USD. For 0.10 lots, one pip equals 1 USD. For 0.01 lots (micro-lot), one pip equals 0.10 USD. This holds for any pair where USD is the quote currency.
How is pip value calculated for JPY pairs?
JPY pairs use 0.01 as the pip size instead of 0.0001. For USDJPY at 150 yen per dollar, a standard lot pip value is 0.01 * 100,000 / 150 = 6.67 USD per pip. The value changes as the USDJPY exchange rate moves.
How does pip value affect stop loss sizing?
Your maximum acceptable loss per trade equals stop-loss pips multiplied by pip value. To risk 1 percent of a $5,000 account ($50) with a 50-pip stop on EURUSD (10 USD per pip per standard lot), you size to 0.10 lots: 50 pips x 1 USD per pip per 0.10 lot = $50.
Why does pip value change for gold (XAUUSD)?
Gold trades in dollars per ounce, not in currency-pair format. Broker conventions vary: some use one pip = $1 per ounce per 100-ounce lot ($100 per pip standard lot); others use 0.01 per ounce ($1 per pip on 0.01 lot). Always check your broker XAUUSD contract specifications.