Pip Value Calculator
Forex position sizing starts with pip value. Select your pair and lot size to see how much one pip of movement costs in your account currency (USD assumed for majors vs USD quote).
Key takeaway: On EUR/USD, one standard lot (100,000 units) moves $10 per pip. Mini lots (10,000) move $1 per pip. Always convert pip value to dollars before sizing a forex stop.
Calculator
For USD-quoted majors (EUR/USD, GBP/USD): pip value ≈ $10 × lots per pip (0.0001 on price). USD/JPY uses 0.01 pip size; gold (XAU) uses $1 per 0.01 move per oz lot approximation.
Results
- Pair
- EURUSD
- Pip size
- 0.0001
- Pip value (approx.)
- $10.00
- 10-pip move
- $100.00
How this formula works
For USD-quoted majors (EUR/USD, GBP/USD): pip value ≈ $10 × lots per pip (0.0001 on price). USD/JPY uses 0.01 pip size; gold (XAU) uses $1 per 0.01 move per oz lot approximation.
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FAQ
- How much is a pip on EUR/USD?
- On a standard lot (1.0), one pip (0.0001) on EUR/USD is approximately $10 in a USD account. A mini lot (0.1) is about $1 per pip.
- Why does USD/JPY pip value differ?
- JPY pairs quote pip as the second decimal (0.01) instead of the fourth (0.0001). Pip value in USD depends on the current USD/JPY rate; this calculator uses a simplified $10-per-lot-per-pip estimate for standard lots.
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