Pip Value Calculator

What is Pip Value?

A pip (percentage in point) is the smallest price move that a currency pair can make. For most pairs, a pip is 0.0001 (the fourth decimal place). For JPY pairs, a pip is 0.01 (the second decimal place).

Outside forex the unit changes with the contract. Gold moves in $0.01 pips on a 100oz lot, silver in $0.001 on 5,000oz, and crude oil in $0.01 on 1,000 barrels — which is why the same 1.00 lot is worth $10 a pip on EUR/USD, $1 on gold and $10 on WTI. Indices and crypto are quoted in points rather than pips. Select any instrument above to see the contract it assumes.

The pip value tells you how much money you make or lose per pip movement. This is crucial for:

• Risk Management: Know exactly how much you're risking per trade
• Position Sizing: Calculate the right lot size for your account
• Profit Targets: Set realistic profit goals based on pip movements