Understand pip value
Pip Calculator
Explore how pip size, position size and a conversion rate combine into an estimated value per pip. The result is a math example, not live market information.
Your example
Simple formula
Pip size×lots×units per lot×conversion rate=pip value
Contract sizes, quoting conventions and rates differ by provider, and real pip values change with price.
Beginner guide
How to use the Pip Calculator
A pip is the smallest standard price step in most currency pairs. This calculator estimates what one pip is worth for a given position size, using assumptions you enter. The result is for learning, not a prediction.
- 1
Choose the pip size
Most pairs use 0.0001. Yen pairs usually use 0.01.
- 2
Enter the position size
Use lots. One standard lot is commonly 100,000 units, but contract sizes vary by provider.
- 3
Enter units per lot
Change this if your example uses mini or micro lots, or a different contract size.
- 4
Add a conversion rate
If the quote currency differs from your account currency, enter how many account-currency units equal one quote-currency unit. Use 1 if they match.
Worked example
For illustration only, a 0.0001 pip on 1 standard lot of 100,000 units is worth 10 in the quote currency. With a conversion rate of 1, that is USD 10 per pip.
0.0001 × 1 lot × 100,000 units = 10.00 per pip
What the result means
The output estimates how much value changes for each one-pip move on that position. Real pip values depend on the instrument, the price at the time and your account details.