FXI PIP CalculatorFXI PIP Calculator

TRADING TOOLS

PIP Calculator

You can’t do the job without the right tools, and this one’s essential. The pip calculator shows the value of a pip in the currency you want to trade. You’ll always want to weigh the upside against the risk and plan how to manage that risk.

Find the true value of a pip

Pip Calculator
$1000
Main Currencies
INSTRUMENT
RATE
CHFJPY
132.459
EURCHF
1.02647
EURGBP
0.84883
EURJPY
135.964
EURUSD
1.07185
GBPCHF
1.20927
GBPJPY
160.177
GBPUSD
1.26278
USDCAD
1.27379
USDCHF
0.95768
USDJPY
126.85
XAGUSD
22.361
XAUUSD
1861.03

All about the pip calculator

Pip stands for price interest point or percentage in point.

This is the measure of movement in the exchange rate between the two currencies.

In most forex pairs, a pip is a movement in the fourth decimal place (0.0001), so it’s equivalent to 1/100 of 1%. In currencies like the Japanese Yen (JPY), a pip is quoted with two decimal places instead of four - so the second digit after the decimal point is the pip. Using these small units to measure price movement helps to protect you from losses.

If a pip was 10 basis points instead of one, a one-pip change would up the volatility in currency values. The actual value of a pip is calculated by multiplying the amount of the trade in lots by one pip in decimals, and then dividing it by the exchange rate of the quote currency in your pair.

As well as the standard pip, we also offer ‘fractional pip pricing’. This adds a fifth decimal place - so a fractional pip is one tenth of a pip. Fractional pips can give you tighter spreads, as well as a better idea of price changes.

What is a pip’s worth?

Still not sure what the true value of a pip is? Learn more by watching this short video.

FREQUENTLY ASKED QUESTIONS

The majority of currency pairs have a standard pip value of 0.0001 and are measured to five decimal places. 1 lot is 100,000 units of a currency. If you prefer to open smaller positions, you can choose to trade either mini lots (10,000 units) or even micro lots (1000 lots).

This completely depends on the currency pair that you are trading. If you’re trading the EURUSD, a pip is worth 0.0001, while with the USD/JPY a PIP is worth 0.01. That's why we’ve created our pip calculator above so you can see the true value of a pip - whatever the amount - in seconds.

This also depends on your currency pair. Scroll up to our calculator now and enter your pair, pip amount and lot size to understand just how much 50 pips are worth.

Lots are measured in units of currency, not by pips (i.e., how the exchange rate moves between the currency pair). A lot is 100,000 units.

This varies based on the currency pair and your account type, which you can learn more about here. If your broker offers you leverage, your buying power is increased so you could buy even more of an asset and therefore larger lots. While this can boost your potential profits, your losses are greater too.