1 Pip Value
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10 Pip Move
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100 Pip Move
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When Should You Use a Pip Calculator?
Use this calculator before every forex trade:
• Calculating risk in dollar terms from pip-based stop-losses
• Comparing position sizes across different currency pairs
• Setting profit targets in monetary terms
• Managing risk when trading multiple pairs
How It Works
1
Pick Your Pair
Select the currency pair you want to trade.
2
Set Lot Size
Choose standard (100K), mini (10K), or micro (1K) lot.
3
Get Pip Value
See the dollar value per pip and for 10 and 100 pip moves.
Example
Scenario: Trade EUR/USD with 1 standard lot. Price moves 30 pips.
Calculation: Pip value = $10/pip. Profit = 30 × $10 = $300.
Result: Each pip = $10. Mini lot = $1/pip, micro lot = $0.10/pip.
Frequently Asked Questions
A pip (percentage in point) is the smallest standard price move in forex. For most pairs it is 0.0001 (the 4th decimal). For JPY pairs it is 0.01 (the 2nd decimal).
A standard lot is 100,000 units of the base currency. Mini lot = 10,000 units, micro lot = 1,000 units. Pip value scales proportionally with lot size.
For USD-quoted pairs (like EUR/USD), 1 pip = $10 per standard lot, $1 per mini lot, $0.10 per micro lot. For other pairs it depends on the exchange rate.
Knowing your pip value is essential for risk management. It lets you calculate exactly how much money you make or lose per pip of price movement.
A pipette is 1/10th of a pip (the 5th decimal for most pairs). Some brokers quote prices in pipettes for more precision.
Related Tools
Quick Reference Table
| Pair | Standard Lot | Mini Lot | Micro Lot | Pip Size |
|---|---|---|---|---|
| EUR/USD | $10.00 | $1.00 | $0.10 | 0.0001 |
| GBP/USD | $10.00 | $1.00 | $0.10 | 0.0001 |
| USD/JPY | ~$6.67 | ~$0.67 | ~$0.067 | 0.01 |
| USD/CHF | ~$10.85 | ~$1.09 | ~$0.109 | 0.0001 |
| AUD/USD | $10.00 | $1.00 | $0.10 | 0.0001 |
The average daily pip range for EUR/USD is approximately 50–80 pips. During high-impact news, ranges can expand to 200+ pips in minutes.