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Pip value calculator (forex)

Calculate how much one pip is worth in forex for any currency pair and lot size (standard, mini, micro), in dollars, and how much you gain or lose on a move of N pips.

How to use

What each pip is worth

Gain or loss by price move, for your position

Educational tool, not investment advice.

Available in: PortuguêsEnglish

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Pip value calculator (forex): what it is for

Choose the currency pair (EUR/USD, GBP/USD, USD/JPY, gold and others), enter the rate and the position size in lots and see how much one pip is worth in dollars, how much you gain or lose on a move of N pips and the table for standard, mini, micro and nano lots. For cross pairs, enter the conversion rate. The chart shows gain and loss as the price moves. Educational tool: results are estimates, not investment advice.

Everything runs in your browser: nothing you paste or open is sent to a server.

How to use

  1. Choose the pair and the rate.
  2. Enter the size in lots and the pips.
  3. See the pip value and the result.

When to use it

  • Calculate the risk of a forex trade.
  • Size a position from the stop.
  • Understand lots and pips.

Frequently asked questions

What is a pip?

It is the smallest standard price change of a currency pair: the fourth decimal place (0.0001) for most pairs and the second (0.01) for pairs with the Japanese yen, such as USD/JPY. Gold (XAU/USD) usually uses 0.01 as well.

How is pip value calculated?

Pip value = pip size × number of units, in the quote currency (the second in the pair). If the account is in dollars and the quote currency is not the dollar, it is converted at the rate: in USD/JPY, for example, you divide by the pair's price.

How big is a lot?

A standard lot is 100,000 units of the base currency, a mini lot 10,000 and a micro lot 1,000. In EUR/USD, one pip is worth $10 on a standard lot, $1 on a mini and $0.10 on a micro.

What is the conversion rate?

For cross pairs (without the dollar, like EUR/GBP), the tool needs to know how much 1 unit of the quote currency is worth in dollars. For EUR/GBP, enter the GBP/USD rate.

Is it really free?

Yes, 100% free. No sign-up, no subscription and no usage limits. All Tools123 are free.

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