Results
Enter valid numbers to see the result. The calculator updates as you type.
- Position–
- 10 pips–
- 50 pips–
- 100 pips–
- 1 standard lot (100,000)–
- 1 mini lot (10,000)–
- 1 micro lot (1,000)–
Calculator limits
Results are arithmetic on the numbers you enter, not trading advice. Brokers may use different contract sizes (especially for exotic pairs and CFDs), round lot sizes differently and convert profits at their own rates. Leveraged forex and CFD trading carries a high risk of losing money quickly; most retail CFD accounts lose money. Check your broker's contract specification before you trade.
How pip value is calculated
A pip is 0.0001 for most pairs and 0.01 for pairs quoted in Japanese yen. Because the price of a pair is always expressed in the quote currency (the second one), a one-pip move earns or loses money in that quote currency first:
If your account is in a different currency, that amount is then converted:
- Quote currency = account currency (EUR/USD, GBP/USD, AUD/USD with a USD account): no conversion. 1 standard lot = 0.0001 × 100,000 = $10 per pip, whatever the price.
- Base currency = account currency (USD/JPY, USD/CHF, USD/CAD with a USD account): divide by the pair's price. USD/JPY at 150.00: 0.01 × 100,000 = ¥1,000, and ¥1,000 ÷ 150 = $6.67 per pip.
- Neither currency is yours (EUR/GBP with a USD account): convert with a third rate. EUR/GBP pip = £10 per standard lot; with GBP/USD at 1.3200 that is $13.20 per pip.
Why the common "pip size ÷ price" formula is often wrong
You will see (0.0001 ÷ exchange rate) × lot size quoted as "the" pip value formula. Dividing by the price converts the pip value into the base currency. That is only correct when the base currency is your account currency (for example USD/CHF for a USD account). For EUR/USD with a USD account it would give $9.22 at 1.0850 instead of the correct $10.00.
Quick reference (USD account)
| Pair type | Standard lot | Mini lot | Micro lot |
|---|---|---|---|
| xxx/USD (EUR/USD, GBP/USD, AUD/USD, NZD/USD) | $10.00 | $1.00 | $0.10 |
| USD/JPY at 150.00 | $6.67 | $0.67 | $0.07 |
| USD/CHF at 0.8000 | $12.50 | $1.25 | $0.13 |
| USD/CAD at 1.4000 | $7.14 | $0.71 | $0.07 |
Pip values for pairs where USD is the base currency move with the exchange rate, so recalculate them before each trade. Most platforms quote a fifth decimal (a pipette, one tenth of a pip) — a move from 1.08500 to 1.08510 is 1 pip, not 10.
Next step: use the pip value to size the trade with the position size calculator, or read how position sizing works.
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Last reviewed: October 4, 2026