Pip Calculator
See what one pip or point is worth for any position size, converted into your account currency.
Contract specs: 1 lot = 100,000 units, 1 pip = 0.0001
Standard forex lots are 100,000 units of the base currency. Check the contract specification in your broker's platform (MT4/MT5: right-click the symbol → Specification).
Value per pip
$10.00
for 1.00 lots
Per standard lot
$10.00
100,000 units
Per mini lot (0.10)
$1.00
10,000 units
Per micro lot (0.01)
$0.10
1,000 units
Per nano lot (0.001)
$0.01
100 units
Show the math
- Pip value in USD (quote currency)
0.0001 × 100,000 × 1.00 lots = 10 USD
Rates from ECB, gold-api.com, CoinGecko, FX reference 2026-10-15, checked 22:54 UTC. Use your broker's live quote to trade.
Quick answer
Pip value = pip size × contract size × lots, converted from the quote currency into your account currency. One standard lot of EUR/USD is worth $10 per pip; a USD/JPY pip is ¥1,000 per lot, which is ¥1,000 ÷ 150 = $6.67 at a rate of 150. For gold (100 oz per lot), a $0.10 move is $10 per lot.
Worked examples: Pip value
Pip Calculator by instrument
- Gold (XAU/USD) pip value
- Silver (XAG/USD) pip value
- Nasdaq 100 (NAS100) pip value
- Dow Jones 30 (US30) pip value
- S&P 500 (SPX500) pip value
- DAX 40 (GER40) pip value
- FTSE 100 (UK100) pip value
- Nikkei 225 (JP225) pip value
- WTI Crude Oil (USOIL) pip value
- Bitcoin (BTC/USD) pip value
- Ethereum (ETH/USD) pip value
- EUR/USD pip value
- GBP/USD pip value
- USD/JPY pip value
- GBP/JPY pip value
- AUD/USD pip value
- USD/CAD pip value
- EUR/JPY pip value
- USD/CHF pip value
- NZD/USD pip value
Pip value per lot for every currency pair
Each row shows what a one-pip move is worth on 1.00 standard lot, priced from today's reference rates. For a mini lot (0.10) divide by 10; for a micro lot (0.01) divide by 100. Indices, oil and crypto move in points rather than pips.
| Instrument | Price | Pip / point | 1 lot · USD | 1 lot · EUR | 1 lot · GBP | 0.10 lot · USD | 0.01 lot · USD |
|---|---|---|---|---|---|---|---|
| Forex majors | |||||||
| EUR/USD | 1.12080 | 0.0001 | $10.00 | €8.92 | £7.55 | $1.00 | $0.100 |
| GBP/USD | 1.32466 | 0.0001 | $10.00 | €8.92 | £7.55 | $1.00 | $0.100 |
| USD/JPY | 157.980 | 0.01 | $6.33 | €5.65 | £4.78 | $0.633 | $0.063 |
| USD/CHF | 0.83021 | 0.0001 | $12.05 | €10.75 | £9.09 | $1.20 | $0.120 |
| AUD/USD | 0.69109 | 0.0001 | $10.00 | €8.92 | £7.55 | $1.00 | $0.100 |
| USD/CAD | 1.42070 | 0.0001 | $7.04 | €6.28 | £5.31 | $0.704 | $0.070 |
| NZD/USD | 0.56007 | 0.0001 | $10.00 | €8.92 | £7.55 | $1.00 | $0.100 |
| Forex crosses | |||||||
| EUR/GBP | 0.84610 | 0.0001 | $13.25 | €11.82 | £10.00 | $1.32 | $0.132 |
| EUR/JPY | 177.064 | 0.01 | $6.33 | €5.65 | £4.78 | $0.633 | $0.063 |
| GBP/JPY | 209.270 | 0.01 | $6.33 | €5.65 | £4.78 | $0.633 | $0.063 |
| EUR/CHF | 0.93050 | 0.0001 | $12.05 | €10.75 | £9.09 | $1.20 | $0.120 |
| EUR/AUD | 1.62180 | 0.0001 | $6.91 | €6.17 | £5.22 | $0.691 | $0.069 |
| EUR/CAD | 1.59232 | 0.0001 | $7.04 | €6.28 | £5.31 | $0.704 | $0.070 |
| EUR/NZD | 2.00119 | 0.0001 | $5.60 | €5.00 | £4.23 | $0.560 | $0.056 |
| GBP/CHF | 1.09975 | 0.0001 | $12.05 | €10.75 | £9.09 | $1.20 | $0.120 |
| GBP/AUD | 1.91678 | 0.0001 | $6.91 | €6.17 | £5.22 | $0.691 | $0.069 |
| GBP/CAD | 1.88195 | 0.0001 | $7.04 | €6.28 | £5.31 | $0.704 | $0.070 |
| GBP/NZD | 2.36518 | 0.0001 | $5.60 | €5.00 | £4.23 | $0.560 | $0.056 |
| AUD/JPY | 109.178 | 0.01 | $6.33 | €5.65 | £4.78 | $0.633 | $0.063 |
| AUD/NZD | 1.23393 | 0.0001 | $5.60 | €5.00 | £4.23 | $0.560 | $0.056 |
| AUD/CAD | 0.98182 | 0.0001 | $7.04 | €6.28 | £5.31 | $0.704 | $0.070 |
| AUD/CHF | 0.57375 | 0.0001 | $12.05 | €10.75 | £9.09 | $1.20 | $0.120 |
| NZD/JPY | 88.479 | 0.01 | $6.33 | €5.65 | £4.78 | $0.633 | $0.063 |
| NZD/CAD | 0.79569 | 0.0001 | $7.04 | €6.28 | £5.31 | $0.704 | $0.070 |
| NZD/CHF | 0.46497 | 0.0001 | $12.05 | €10.75 | £9.09 | $1.20 | $0.120 |
| CAD/JPY | 111.199 | 0.01 | $6.33 | €5.65 | £4.78 | $0.633 | $0.063 |
| CAD/CHF | 0.58437 | 0.0001 | $12.05 | €10.75 | £9.09 | $1.20 | $0.120 |
| CHF/JPY | 190.289 | 0.01 | $6.33 | €5.65 | £4.78 | $0.633 | $0.063 |
| Forex exotics | |||||||
| USD/SEK | 9.97190 | 0.0001 | $1.00 | €0.895 | £0.757 | $0.100 | $0.010 |
| USD/NOK | 9.50390 | 0.0001 | $1.05 | €0.939 | £0.794 | $0.105 | $0.011 |
| USD/DKK | 6.66930 | 0.0001 | $1.50 | €1.34 | £1.13 | $0.150 | $0.015 |
| USD/PLN | 3.89900 | 0.0001 | $2.56 | €2.29 | £1.94 | $0.256 | $0.026 |
| USD/HUF | 324.410 | 0.01 | $3.08 | €2.75 | £2.33 | $0.308 | $0.031 |
| USD/TRY | 49.41700 | 0.0001 | $0.202 | €0.181 | £0.153 | $0.020 | $0.0020 |
| USD/ZAR | 16.55680 | 0.0001 | $0.604 | €0.539 | £0.456 | $0.060 | $0.0060 |
| USD/MXN | 18.52250 | 0.0001 | $0.540 | €0.482 | £0.408 | $0.054 | $0.0054 |
| USD/SGD | 1.28290 | 0.0001 | $7.79 | €6.95 | £5.88 | $0.779 | $0.078 |
| USD/HKD | 7.84730 | 0.0001 | $1.27 | €1.14 | £0.962 | $0.127 | $0.013 |
| EUR/SEK | 11.17650 | 0.0001 | $1.00 | €0.895 | £0.757 | $0.100 | $0.010 |
| EUR/NOK | 10.65197 | 0.0001 | $1.05 | €0.939 | £0.794 | $0.105 | $0.011 |
| EUR/PLN | 4.37000 | 0.0001 | $2.56 | €2.29 | £1.94 | $0.256 | $0.026 |
| EUR/TRY | 55.38656 | 0.0001 | $0.202 | €0.181 | £0.153 | $0.020 | $0.0020 |
| Metals | |||||||
| XAU/USDGold | 4,172.80 | 0.1 | $10.00 | €8.92 | £7.55 | $1.00 | $0.100 |
| XAG/USDSilver | 57.560 | 0.01 | $50.00 | €44.61 | £37.75 | $5.00 | $0.500 |
| Indices | |||||||
| US30Dow Jones 30 | 51,650.0* | 1 pt | $1.00 | €0.892 | £0.755 | $0.100 | $0.010 |
| NAS100Nasdaq 100 | 30,880.0* | 1 pt | $1.00 | €0.892 | £0.755 | $0.100 | $0.010 |
| SPX500S&P 500 | 7,810.0* | 1 pt | $1.00 | €0.892 | £0.755 | $0.100 | $0.010 |
| GER40DAX 40 | 25,270.0* | 1 pt | $1.12 | €1.00 | £0.846 | $0.112 | $0.011 |
| UK100FTSE 100 | 10,630.0* | 1 pt | $1.32 | €1.18 | £1.00 | $0.132 | $0.013 |
| JP225Nikkei 225 | 69,030.0* | 1 pt | $0.0063 | €0.0056 | £0.0048 | $0.0006 | $0.0001 |
| Energy | |||||||
| USOILWTI Crude Oil | 94.00* | 0.01 pt | $10.00 | €8.92 | £7.55 | $1.00 | $0.100 |
| UKOILBrent Crude Oil | 107.00* | 0.01 pt | $10.00 | €8.92 | £7.55 | $1.00 | $0.100 |
| Crypto | |||||||
| BTC/USDBitcoin | 82,391.00 | 1 pt | $1.00 | €0.892 | £0.755 | $0.100 | $0.010 |
| ETH/USDEthereum | 2,461.22 | 0.1 pt | $0.100 | €0.089 | £0.075 | $0.010 | $0.0010 |
Reference rates: ECB, gold-api.com, CoinGecko · FX reference date . Values update hourly.
Contract sizes per lot: forex 100,000 units, gold 100 oz, silver 5,000 oz, indices 1 contract, oil 1,000 barrels, crypto 1 coin. * Example price: indices and oil have no free live feed. Their point value does not depend on price. Brokers can use different contract sizes, so check your symbol specification.
What is the Pip Calculator?
Pip value is what a one-pip move is worth in money for a given position. It turns a stop loss or target measured in pips into an amount in your account currency, and every position-size and profit calculation depends on it.
Pip value = Pip size × Contract size × Lots (in the quote currency), converted to your account currency
For EUR/USD that is 0.0001 × 100,000 = $10 per standard lot. It is $10 only when the pair is quoted in US dollars and the account is in US dollars. A USD/JPY pip is 0.01 × 100,000 = ¥1,000 per lot, which is ¥1,000 ÷ 150 = $6.67 at a rate of 150. A EUR/GBP pip is £10 per lot, or $12.50 at GBP/USD 1.25.
Metals, indices, oil and crypto
- Gold (XAU/USD) — 100 oz per lot. calc.forex counts a pip as $0.10, worth $10 per lot. Some traders count $0.01 as a pip ($1 per lot); set the pip size to 0.01 under Contract specs if you measure that way.
- Silver (XAG/USD) — 5,000 oz per lot; a 0.01 move is $50 per lot.
- Indices — 1 lot = 1 × the index, so one point is worth one unit of the quote currency per lot: $1 on NAS100, €1 on GER40, £1 on UK100.
- Oil — 1,000 barrels per lot; a 0.01 move is $10 per lot.
- Crypto — 1 coin per lot; a 1.00 move in BTC/USD is $1 per lot.
How to use this calculator
- Instrument — any forex pair, gold, silver, an index, oil or crypto.
- Account currency — choose from 23 currencies. When a separate exchange rate is needed to convert the pip value, a rate field appears with a reference rate filled in; type your broker's rate to use it instead.
- Position size (lots) — the size you plan to trade or already hold.
The result shows the value per pip (or per point) for your position, plus the value per standard lot (1.00), mini lot (0.10) and micro lot (0.01). If your broker's contract differs from the default — common for gold, indices and oil — change it under Contract specs. Show the math gives the value in the quote currency and the conversion step; Copy link with these numbers saves the inputs in a shareable URL.
Worked example
0.5 lots EUR/USD, USD account: 0.0001 × 100,000 × 0.5 = $5 per pip. A 30-pip gain is worth $150.
0.2 lots GBP/JPY, USD account, USD/JPY at 150: 0.01 × 100,000 × 0.2 = ¥200 per pip, and ¥200 ÷ 150 = $1.33 per pip.
1 lot EUR/USD, EUR account, EUR/USD at 1.10: $10 ÷ 1.10 = €9.09 per pip.
1 contract GER40, USD account, EUR/USD at 1.10: €1 per point × 1.10 = $1.10 per point.
When to use it
- Sizing a position — you need the pip value per lot to turn a stop distance into a lot size.
- Reading a move in money — a 20-pip move on 0.3 lots of EUR/USD is $60; on 0.3 lots of USD/JPY at 150 it is $40.
- Non-USD accounts — any account currency other than the quote currency needs a conversion.
- Exotics, metals and indices — pairs such as USD/TRY or USD/ZAR, and CFDs on gold or indices, have pip values that are hard to estimate in your head.
Common mistakes
- Using $10 per pip for everything. It applies only to 1 lot of a USD-quoted pair in a USD account.
- Confusing pips and pipettes. On a 5-decimal quote the last digit is a tenth of a pip: 1.10000 to 1.10015 is 1.5 pips, not 15.
- Treating cross-pair pip values as fixed. A GBP/JPY pip in a USD account moves with USD/JPY.
- Assuming every broker's gold or index contract is the same. Some brokers use 10 or 0.1 contracts per lot on indices, or 100 rather than 1,000 barrels on oil. Check the specification.
Frequently asked questions
What is the pip value of EUR/USD?
In a USD account it is $10 per standard lot, $1 per mini lot (0.10) and $0.10 per micro lot (0.01). In an account held in another currency, the $10 is converted at the current rate — €9.09 per lot for a euro account at EUR/USD 1.10.
Does pip value change over time?
Only when a conversion is involved. If the pair's quote currency is your account currency (EUR/USD in a USD account), it is fixed. Otherwise it moves with the exchange rate: a USD/JPY pip is $6.67 per lot at 150 and $7.14 at 140.
How much is a pip on gold?
With the usual 100 oz per lot, calc.forex counts a $0.10 move as one pip, worth $10 per lot. Some traders and platforms call $0.01 a pip, which is $1 per lot. Set the pip size under Contract specs to match the way you measure your stop, and check your broker's contract size.
Why are JPY pairs quoted to two decimals?
One yen is worth a fraction of a US cent, so a move in the fourth decimal would be too small to matter. For JPY pairs a pip is 0.01, and brokers usually quote a third decimal as a pipette.
Can I use it for Bitcoin or indices?
Yes. BTC/USD is set to 1 coin per lot with a point of 1.00, so a $1 move is worth $1 per lot. Indices are set to 1 contract per lot, so NAS100 is $1 per point and GER40 €1 per point. Crypto and index contracts vary by broker, so check them under Contract specs.
Related calculators
- Lot Size & Position Size Calculator
Find the lot size that risks exactly the amount you choose, from your balance, risk per trade and stop-loss distance.
- Forex Profit Calculator
Calculate the profit or loss of a trade in pips and in your account currency, from entry, exit and position size.
- Forex Spread Cost Calculator
Turn the spread into money per trade, per month and per year.
- Forex Lot Size Converter & Chart
Convert between standard, mini, micro and nano lots and units, using each instrument's contract size.
Brokers we partner with
Affiliate links. calc.forex is free and funded by affiliate commissions: if you open an account through a broker link on this site, we may be paid by the broker at no extra cost to you. This never changes the numbers our calculators produce.
| Broker | Rating | Regulators | Min deposit | EUR/USD spread | Features | Open account |
|---|---|---|---|---|---|---|
 AvaTrade Most Trusted | 4.6/5 | ASIC, CBI, FSCA, FSA, ADGM | $100 | from 0.9 pips | MT4, MT5 | Open account |
 eToro Best for Beginners | 4.5/5 | FCA, CySEC, ASIC | $50 | from 1.0 pips | Social Trading, Copy Trading | Open account |
 PrimeXBT Lowest Spreads | 4.7/5 | St. Vincent and Grenadines | $10 | from 0.1 pips | Crypto Trading, Low Spreads | Open account |
 Skilling Best Execution | 4.8/5 | CySEC, FSA | $100 | from 0.0 pips | 0.0 Spreads, Fast Execution | Open account |
- Regulators
- ASIC, CBI, FSCA, FSA, ADGM
- Min deposit
- $100
- EUR/USD
- from 0.9 pips
- Regulators
- FCA, CySEC, ASIC
- Min deposit
- $50
- EUR/USD
- from 1.0 pips
- Regulators
- St. Vincent and Grenadines
- Min deposit
- $10
- EUR/USD
- from 0.1 pips
- Regulators
- CySEC, FSA
- Min deposit
- $100
- EUR/USD
- from 0.0 pips
Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. 74–89% of retail investor accounts lose money when trading CFDs with the brokers listed here. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.