Pip Value Calculator: What One Pip Is Worth

Short answer

One pip on one standard lot is worth about $10 for pairs quoted in US dollars, $1 on a mini lot and $0.10 on a micro lot. For pairs quoted in another currency the figure has to be converted, which is what changes the answer for yen pairs and crosses.

Key takeaways

A pip is 0.0001 for most pairs and 0.01 for yen pairs. The fourth and second decimal place respectively.
Pip value scales linearly with lot size and is fixed by the contract, so the only variable that moves it is the exchange rate used to convert into your account currency.
A pipette is a tenth of a pip, the fifth decimal place your platform shows. Ten pipettes make one pip.
Pip value is the bridge between a chart distance and a money amount, which is why the position size calculator cannot work without it.

What a pip is

A pip ("percentage in point") is the standard smallest increment a currency pair is quoted in. For almost every pair it is the fourth decimal place: EUR/USD moving from 1.0850 to 1.0851 is a one-pip move. Japanese yen pairs are the exception, quoted to two decimals, so USD/JPY moving from 150.00 to 150.01 is also one pip.

Modern platforms show one more digit than that, the pipette or fractional pip. A quote of 1.08505 is 1.0850 and five pipettes. Spreads are frequently quoted in pipettes, which is why a "0.8 pip spread" can appear on your platform as 8.

The point of the unit is that it makes distances comparable. "The stop is 30 pips away" means the same thing on EUR/USD and GBP/USD, whereas "the stop is 0.0030 away" does not travel between instruments at all.

How pip value is calculated

Pip value is the pip size multiplied by the number of units you hold:

Pip value (quote currency) = Pip size × Contract size × Lots

A standard lot is 100,000 units of the base currency. For EUR/USD that gives 0.0001 × 100,000 × 1 = 10, and because the pair is quoted in dollars the answer is $10 directly. For USD/JPY it gives 0.01 × 100,000 = 1,000. But that is 1,000 yen, and at 150.00 that is about $6.67.

This is the step people skip. The formula always produces a figure in the quote currency, the one on the right of the pair. Getting to your account currency needs one more conversion, and this calculator does it automatically whenever your account currency appears on either side of the pair.

Pip value at a glance

For a US dollar account, at indicative prices:

Instrument	Pip size	Standard lot	Mini lot	Micro lot
EUR/USD, GBP/USD, AUD/USD, NZD/USD	0.0001	$10.00	$1.00	$0.10
USD/JPY (at 150.00)	0.01	≈ $6.67	≈ $0.67	≈ $0.07
USD/CHF (at 0.8800)	0.0001	≈ $11.36	≈ $1.14	≈ $0.11
USD/CAD (at 1.3600)	0.0001	≈ $7.35	≈ $0.74	≈ $0.07
Gold XAU/USD	0.10	$10.00	$1.00	$0.10

Notice that for pairs where the dollar is the base currency, pip value moves with the exchange rate. That is why USD/CHF and USD/CAD are not $10, and why the figure changes over time.

The same calculators are inside the MarketPro app

MarketPro ships position size, pip value, margin, profit, risk-to-reward and compounding calculators alongside the signal feed, so you can size a trade on the same screen you read it on. Download free. One vetted signal every day, no card needed.

Written and reviewed by the MarketPro research desk

MarketPro is a trading-signal and trading-education app operated by Harajuku Holdings LTD (Cyprus). Our signal desk publishes and tracks every trade idea in-app, and every page here is checked against the app's live behaviour before publishing. Last reviewed 17 August 2026. How we produce signals and content · About MarketPro

FAQ

Pip value calculator: questions

How much is 1 pip worth on a 0.01 lot?

On a micro lot (0.01) of a pair quoted in US dollars, one pip is worth $0.10. A 50-pip move is therefore $5. For yen pairs and crosses the figure differs, which is what the calculator above resolves.

What is the difference between a pip and a point?

A point usually means the smallest price increment your platform can display, which on a five-decimal quote is a pipette, a tenth of a pip. MetaTrader uses "points" this way, so a 30-pip stop is entered as 300 points. Some brokers use the words interchangeably, so check the contract specification rather than assuming.

Why is my pip value different from this calculator?

Three common causes: your account currency is not the one selected, your broker uses a non-standard contract size (some quote gold at 10 ounces per lot rather than 100), or your platform is reporting the value in points rather than pips. Contract specifications are published by every broker and are the authority.

Does pip value change while a trade is open?

For pairs quoted in your account currency, no, it is fixed by the contract. For every other pair it drifts with the conversion rate, so the value of the pips you are gaining on a GBP/JPY position in a dollar account is not quite constant. The effect is small over a short trade and material over a long one.

Trade · Learn · Earn

Size the trade, then take the trade

MarketPro publishes every signal with an explicit entry, stop and take-profit levels, which is what makes these calculations possible before you click. Start with one free signal a day.

Download on theApp Store Get it onGoogle Play

Not investment advice. Past performance is not indicative of future results.