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Pip value calculator

How much money does one make or lose on your trade? Pick a pair and a lot size. We convert the answer into US dollars for you.

The market

Example values
Market

Your size

lots

1 standard is 100,000 EUR. 0.10 is a mini lot, 0.01 a micro lot.

pips

See what a move of this many pips is worth, for example your stop or target.

Price to convert

EUR/USD is quoted in US dollars, so no conversion is needed. Values show in US dollars.

Pip value$10.00per pipJump to full result

EUR/USD pip value

1 pip = 0.0001
$10.00per

for 1.00 lots

A 10-pip move

$100.00

0.0010 in price

Units traded

100,000

EUR (lots × 100,000)

Pip value per standard, mini and micro lot
LotUSD
Standard 1.00$10.00
Mini 0.10$1.00
Micro 0.01$0.10

Pip value $10.00 per pip.

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How this is calculatedThe exact formula, with a worked example you can check.

A pip's value starts in the pair's second currency, the . For EUR/USD that is already dollars. For USD/JPY it is yen, so we divide by the USD/JPY price to get dollars.

The formula

pip size          = 0.01 for JPY pairs (and HUF, THB), 0.0001 for most
pip value (quote) = pip size × 100,000 × lots
in $, quote USD   = pip value
in $, quote JPY   = pip value ÷ USD/JPY   (same for CAD, CHF)
in $, quote GBP   = pip value × GBP/USD   (same for EUR, AUD, NZD)
gold, 1 lot       = $0.10 pip × 100 oz     = $10
gold in euros     = €0.10 pip × 100 oz     = €10, turned into $
oil, 1 lot        = $0.01 × 1,000 barrels  = $10
index, 1 lot      = your platform's value per point

Worked example

Example
  1. 1USD/JPY, 0.50 lots, USD/JPY price 147.50
  2. 2Pip value in yen = 0.01 × 100,000 × 0.50 = ¥500
  3. 3In dollars = 500 ÷ 147.50 = $3.39
  4. 4A 20-pip move = 20 × $3.39 = $67.80

Pip values on pairs that don't end in USD change a little as prices move, so edit the conversion price to today's level for exact numbers.

Know the pip value? Now size the trade with the lot size calculator, or the gold lot size calculator for XAUUSD. Lesson F2 of the Calm Doji course explains lot sizes.

Questions

How much is 1 pip on EUR/USD?
$10 on a standard lot (1.00), $1 on a mini lot (0.10) and $0.10 on a micro lot (0.01).
Why is a JPY pip 0.01?
Yen prices are quoted with two decimals (for example 147.50), so one pip is the second decimal, 0.01, not 0.0001. The calculator handles this for you.
Pip or point on gold and indices?
Gold usually counts a $0.10 move as one pip. Indices move in points, and what one point is worth depends on your platform's contract size, so check your symbol details once.

Educational tool, not advice. Always check sizes against your own platform before you trade. Trading is risky and most traders lose money.

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