Use this calculator to see what a one-pip move is worth on any of 21 currency pairs, for any position size, in the currency your trading account is held in. It also shows the value of a point, the tenth-of-a-pip step that most platforms display.
How the number is calculated
Pip value starts out in the quote currency, which is the second currency in the pair. Multiply the position size in units by the pip size: 0.0001 for most pairs and 0.01 for pairs quoted in Japanese yen. One standard lot of EUR/USD is 100,000 × 0.0001 = 10, and since the quote currency is the dollar, that is $10 per pip.
If your account is in a different currency from the quote currency, the result has to be converted. That is why the calculator sometimes asks for an extra exchange rate. Trading USD/JPY from a dollar account, for instance, gives a pip value of ¥1,000 per standard lot, and the current USD/JPY price turns that into dollars. With USD/JPY at 150.00, it works out to $6.67.
The full method, with worked examples for every type of pair, is in our guide on how to calculate pip value by hand.
Pips and points
Brokers now quote most pairs to five decimal places and yen pairs to three. The extra digit is a fractional pip. MetaTrader and several other platforms call it a point, and some brokers call it a pipette. A 30-point stop on a five-digit platform is only 3 pips away from your entry, which is a common source of confusion when people copy settings from one platform to another.
When the value changes
For EUR/USD, GBP/USD, AUD/USD and NZD/USD traded from a dollar account, the pip value is fixed: $10 per standard lot whatever the price. For every other combination it moves with the exchange rate used for the conversion. The change is usually small from one day to the next, but over weeks it adds up. USD/JPY at 140 gives a pip value of $7.14 per lot, and at 160 it gives $6.25.
What to do with the result
On its own, pip value is just a conversion. It becomes useful when you combine it with a stop-loss distance to decide how big a trade should be. The position size calculator does that step for you.
Contract sizes for gold, oil, indices and crypto CFDs are not standardized the way currency lots are, so this calculator does not cover them. For those, check the contract specification on your broker’s website.
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