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Accurately calculate pip values and manage your trade risks with our intuitive FXTM pip calculator.
TRADING TOOLS
Determine how much a pip is worth in your forex trades
Accurately calculate pip values and manage your trade risks with our intuitive FXTM pip calculator.
INSTRUMENT | RATE |
AUDUSD | 0.67411 |
CHFJPY | 173.537 |
EURCHF | 0.93672 |
EURGBP | 0.83713 |
EURJPY | 162.558 |
EURUSD | 1.09341 |
GBPCHF | 1.11886 |
GBPJPY | 194.167 |
GBPUSD | 1.30601 |
USDCAD | 1.37489 |
USDCHF | 0.85668 |
USDJPY | 148.67 |
XAGUSD | 31.142 |
XAUUSD | 2633.9 |
A 'Pip', short for 'point in percentage', quantifies exchange rate movements between two currencies in Forex trading.
So, how do I find a pip? Here's how...
Typically, a pip in most forex currency pairs is located at the 4th decimal place (0.0001), equivalent to 1/100 of 1%. For JPY pairs (involving the Japenese Yen), a pip appears at the 2nd decimal place (0.01).
Utilising these small measurement units helps protect new traders from substantial losses. A 'pipette', or fractional pip, is 1/10th of a standard pip, offering tighter spreads and precise insights into currency price movements.
For pairs without JPY, one pipette is on the 4th decimal place of the Forex pair.
For JPY pairs, one pip is on the 2nd decimal place of the Forex pair.
Still not sure what the true value of a pip is? Learn more by watching this short video.
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