Pip Value Calculator

See what one pip is worth in your account currency for forex, gold, indices, oil and crypto. Exchange rates load automatically, and every value can be adjusted to match your broker.

Inputs

Result

Value per pip$10.001.00 lots · EURUSD
Per point$1.00
Per 1.00 price move$100,000.00
Value of 10 pips$100.00

1 pip = 0.0001 · 1 point = 0.00001 · contract size 100,000

LotsPer pipPer point
1.00 standard$10.00$1.00
0.10 mini$1.00$0.10
0.01 micro$0.10$0.01
Formula

pip size × contract size × lots × rate

0.0001 × 100,000 × 1.00 × 1 = $10.00

No conversion needed: EURUSD is quoted in your account currency.

Know your pip value? Turn it into a position size with the lot size calculator →

How pip value works
and why it changes

How pip value is calculated

Pip value is the money a one-pip move makes or costs on your position. Three numbers from the contract and one exchange rate are enough:

Pip value = pip size × contract size × lots × conversion rate

The first three give the value in the quote currency, the second currency of the symbol (USD for EURUSD and XAUUSD, JPY for USDJPY). The conversion rate turns it into your account currency. When the two are the same, the rate is 1.

Three worked examples

EURUSD, USD account

Pip 0.0001 · 100,000 units per lot · quote currency USD

  • 0.0001 × 100,000 × 1 lot = 10 USD
  • The account is in USD, so the rate is 1
  • 0.10 lot (mini) = $1, 0.01 lot (micro) = $0.10
  • 1 pip = $10 per standard lot

USDJPY, USD account

Pip 0.01 · 100,000 units per lot · quote currency JPY

  • 0.01 × 100,000 × 1 lot = ¥1,000
  • Convert: at USD/JPY 150.00, 1 JPY = 1/150 USD
  • ¥1,000 ÷ 150 = $6.67
  • 1 pip ≈ $6.67 per lot, moving with USD/JPY

XAUUSD (gold), USD account

Pip 0.10 · point 0.01 · 100 oz per lot

  • Pip: 0.10 × 100 × 1 lot = $10
  • Point: 0.01 × 100 × 1 lot = $1
  • A $1.00 move in gold = $100 per lot
  • 0.01 lot: $0.10 per pip, $0.01 per point

Pip vs point

A point is the smallest price step your platform shows. A pip is the unit traders count in. On 5-digit forex quotes, 1 pip = 10 points.

InstrumentPrice example1 pip1 point1 pip on 1.00 lot
EURUSD, GBPUSD …1.084520.00010.00001$10
USDJPY, EURJPY …151.3740.010.001¥1,000
XAUUSD (gold)4,012.350.100.01$10 (100 oz)
US30, NAS100 (indices)44,512.61.00.1$1 (1 contract, varies)
USOIL (WTI)71.2450.010.001$10 (1,000 barrels)
BTCUSD68,250.151.000.01$1 (1 BTC)

These are the most common MT4/MT5 conventions, not a standard. Some brokers call 0.01 a pip on gold, quote indices with two decimals or use 10 units per index point. Check the symbol's specification in your platform and adjust the Advanced settings above to match.

Pip value FAQ

Pip value is how much a one-pip move makes or loses on your position, in your account currency. It is pip size × contract size × lots, converted from the quote currency to your account currency. On EURUSD with a USD account it is $10 per standard lot, $1 per mini lot and $0.10 per micro lot.

With the usual MT5 setup (1 lot = 100 oz, pip = 0.10), 1 pip on 0.01 lot of XAUUSD is $0.10, one point (0.01) is $0.01 and a $1.00 move in the gold price is $1. If your broker calls 0.01 a pip, its 'pip' on 0.01 lot is $0.01; the money you make per dollar of movement is the same either way.

Usually for one of four reasons: a different contract size (indices and oil vary most, for example 1, 10 or 0.1 per point), a different pip definition (pip vs point on 5-digit quotes), a live exchange rate instead of the daily reference rate used here, or an account in another currency. Enter your broker's contract size, pip size and current rate under Advanced settings and the numbers will match.

A point is the smallest price step the platform shows; a pip is the conventional unit traders count in. On 5-digit forex quotes 1 pip = 10 points (0.0001 vs 0.00001), on JPY pairs 0.01 vs 0.001, and on gold usually 0.10 vs 0.01. That is why a stop distance in MT4/MT5 'points' is ten times the pip number on forex.

Divide the money you are willing to risk by the stop distance times the pip value per lot: lots = risk ÷ (stop in pips × pip value per lot). Risking $100 with a 20-pip stop on EURUSD gives 100 ÷ (20 × 10) = 0.50 lots. The Fips lot size calculator does this for you, including commission and margin.

From the European Central Bank's daily reference rates (via frankfurter.dev), with open.er-api.com as a backup. They update once per working day, so they are close to your broker's live price but not identical. If the rates cannot be loaded, the calculator asks you for the conversion rate instead of guessing one.

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