How to use the Pip Value Calculator
- Choose the lot size you want to check.
- Leave units per lot at 100,000 for standard forex unless your broker uses a different contract.
- Use 0.0001 for most FX pairs and 0.01 for many JPY pairs.
- Set the conversion rate if the quote currency is not your account currency.
- Use the output in position size, P/L, and risk/reward planning.
Formula
Pip value = Lots x Units per lot x Pip size x Quote-to-account conversion
Value for N pips = Pip value x NExample
One standard lot of a 100,000 unit pair with a 0.0001 pip size is 10 quote-currency units per pip. If your account currency matches the quote currency, that is $10 per pip.
What to watch
- A pip is not always the same as the broker display point.
- Gold, oil, indices, and crypto often use point or tick values instead of classic forex pips.
- If you trade micro or mini lots, the lot input handles the scaling automatically.
Frequently asked questions
Why is EURUSD usually $10 per pip for one lot?+
A one-lot EURUSD position is 100,000 units, and 100,000 x 0.0001 equals 10 USD per pip.
Why do JPY pairs use 0.01?+
JPY pairs are commonly quoted with two or three decimals, so the classic pip is usually the second decimal place.
What if my account is not USD?+
Use the conversion field to translate the quote-currency pip value into the account currency.