What is a pip in forex trading?

A pip is the smallest standard price move. For most forex pairs it is 0.0001 (4th decimal). For JPY pairs it is 0.01 (2nd decimal). For gold (XAUUSD), one pip equals $0.10 move.

How much is 1 pip worth?

For USD-quoted pairs like EURUSD at 1 standard lot (100,000 units), 1 pip = $10. For a mini lot: $1. For a micro lot: $0.10. Non-USD pairs vary based on exchange rates.

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Pip Value Calculator

Calculate the monetary value of a pip for any instrument and lot size. Essential for proper risk management across forex, metals, indices, and crypto.

Instrument

Position & Movement

Lot Size (standard)

Pip Movement

pips

Pip size0.0001

Contract100,000 units

GroupForex Pairs

Pip values are approximate and may vary by broker. Cross-currency pairs fluctuate with exchange rates.

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