Forex Pip Value Calculator

A pip is the smallest price tick that matters in forex — usually the 4th decimal (0.0001) or 2nd decimal for yen pairs (0.01). Pip value converts that tiny number into actual money.

Without knowing pip value, you can't answer basic questions: "How much do I lose if my stop gets hit?" or "What's this 50-pip move worth in dollars?" It's the translation layer between price charts and your bank account.

Why It's Not Always $10

You'll hear "$10 per pip" everywhere. That's only true for one specific case: 1 standard lot of a USD-quoted pair with a USD account. Everything else? Different number.

• Smaller lots — 0.1 lot = $1/pip. 0.01 lot = $0.10/pip.
• Cross pairs — EUR/GBP, GBP/JPY, AUD/NZD... none of them use dollars, so pip value isn't $10.
• Non-USD accounts — Trading from a EUR account changes everything.

Quick Reference

EUR/USD, 1 lot, USD account = $10/pip

0.1 lot = $1/pip | 0.01 lot = $0.10/pip

How to Use This

1. Pick the pair — EUR/USD, GBP/JPY, whatever you're trading.
2. Enter your lot size — The position you're planning.
3. Select account currency — USD, EUR, GBP... match your actual account.
4. Read the number — That's what one pip costs or earns you.

Multiply by expected movement. Pip value of $5 and you're targeting 50 pips? That's $250 if you're right.