Pip Value Calculator
See what one pip and one point are worth for your lot size and your account currency, on 18 pairs at once. Then turn pips into money, or money into pips.
Estimates only. Spread and commission are not included. Independent tool. See the methodology and the risk disclaimer. Nothing you type is sent to our servers.
How a pip becomes money in your currency
Every pip value is built in the same three steps. The only thing that changes is whether the last step needs an exchange rate.
- Pip in price0.0001
- Pip value in the quote currency100,000 × 0.0001 = 10.00 USD per lot
- In your account currency10.00 USD, no conversion
- Pip in price0.01
- Pip value in the quote currency100,000 × 0.01 = 1,000 JPY per lot
- In your account currency1,000 ÷ 150 = 6.67 USD
- Pip in price0.0001
- Pip value in the quote currency100,000 × 0.0001 = 10.00 GBP per lot
- In your account currency10 ÷ 0.86 = 11.63 EUR
A pip is 0.0001 on most pairs and 0.01 on pairs quoted in yen. The rates in the examples are illustrations, not live prices.
Pip, point, tick and lot
- Pip
- The usual unit for a forex move. It is 0.0001 on most pairs and 0.01 on pairs with the yen.
- Point
- The smallest price step your platform shows. On brokers with five digits (three for yen pairs) one pip is 10 points. With four digits, one pip is one point.
- Pipette
- Another name for one tenth of a pip, the last decimal on a five-digit quote.
- Tick
- The minimum price change a symbol can make, set by the broker. On many forex symbols it equals one point. The Specification of the symbol shows the tick size and the tick value.
- Lot
- A trade size. On most forex symbols 1.00 lot is 100,000 units of the base currency, 0.10 is a mini lot and 0.01 a micro lot. Brokers can differ.
- Pip value
- What one pip is worth, in money, for the size you trade and the currency of your account.
Lot size and pips on dollar-quoted pairs
For EURUSD, GBPUSD, AUDUSD and NZDUSD on a USD account, where one pip on 1.00 lot is $10.00. For every other pair, use the board above.
What one pip and one point are worth
By lot size, with the common contract of 100,000 units.
| Lots | Name | Units | Per pip | Per point |
|---|---|---|---|---|
| 1.00 | Standard | 100,000 | $10.00 | $1.00 |
| 0.50 | 50,000 | $5.00 | $0.50 | |
| 0.10 | Mini | 10,000 | $1.00 | $0.10 |
| 0.05 | 5,000 | $0.50 | $0.05 | |
| 0.01 | Micro | 1,000 | $0.10 | $0.01 |
What a move is worth
Money gained or lost, by lot size and number of pips.
| Size | 10 pips | 20 pips | 50 pips | 100 pips |
|---|---|---|---|---|
| 0.01 lot | $1.00 | $2.00 | $5.00 | $10.00 |
| 0.05 lot | $5.00 | $10.00 | $25.00 | $50.00 |
| 0.10 lot | $10.00 | $20.00 | $50.00 | $100.00 |
| 0.50 lot | $50.00 | $100.00 | $250.00 | $500.00 |
| 1.00 lot | $100.00 | $200.00 | $500.00 | $1,000.00 |
Looking for gold? Pips are defined in different ways there, so use the XAUUSD Pip / Point / Tick Value Calculator.
Know the pip, then size the trade
Once you know what a pip is worth, Lot Architect turns your risk and stop into a lot size on the MetaTrader chart. Drag the entry, stop-loss and take-profit lines, and read size, margin, risk, reward and R:R live.
Lot Architect is my own product on the MQL5 Market. If you buy it, I earn money. It does not read the rules of a prop firm. This calculator stays free either way.
Pip value, answered
What is a pip worth?
It depends on three things: the size of the trade, the contract size of the symbol and the currency of your account. On a pair quoted in dollars, one pip on 1.00 lot is worth 10 dollars for a dollar account. On other pairs the value moves with the exchange rate.
How is pip value calculated?
Multiply the pip size by the contract size and by the number of lots. That gives the value in the quote currency of the pair. If that is not your account currency, convert it with an exchange rate. The Chain section on this page shows three worked cases.
Why does a pip on a yen pair look different?
A pip is 0.01 on pairs quoted in yen, not 0.0001. So one pip on 1.00 lot is 1,000 yen, and the value in dollars depends on the dollar and yen rate. That is why the dollar value of a yen pip changes while a EURUSD pip stays at 10 dollars.
Why do I have to type exchange rates?
This site does not use a live price feed, so the rates are yours to type. The ones shown at first are only examples, rounded on purpose. Copy the rates from your platform when you need an exact figure, because rates move all day.
Is a pip the same as a point?
Not always. On brokers that quote five digits, one pip is 10 points, and MetaTrader shows points. On brokers that quote four digits, a pip and a point are the same. Switch on the point column to see both values.
Does gold use pips?
Different sources define a pip for gold in different ways, so I keep it out of this table. The gold pip, point and tick calculator explains the options and shows what each is worth per lot.
Does leverage change the pip value?
No. Leverage changes the margin you need, not the value of a pip. A pip on 1.00 lot is worth the same with 1:30 or 1:500.
Are spread and commission included?
No. A pip value is the value of a price move of one pip. Spread and commission are separate costs on top of it.
Is the contract size always 100,000?
It is the common size for forex pairs, and the default here. Some brokers use another size on some symbols. Check the Specification of the symbol on your platform and change the contract size in Broker settings if it differs.
Is this financial advice?
No. It is an independent calculator and the results are estimates. Trading is risky and you can lose money. Read the risk disclaimer before you trade.
Keep going
- Position Size CalculatorLot size from your risk and your stop.
- XAUUSD Pip / Point / Tick ValueWhat a gold move is worth per lot.
- XAUUSD Lot Size CalculatorGold lot size from balance and risk.
- The5ers Position Size CalculatorSize trades against prop firm loss limits.
More utilities for MetaTrader by TachiTeam: MQL5 seller page (my own products, I earn money if you buy). Trading is risky and this is not financial advice. Read the risk disclaimer.