Calculate the monetary value of a pip for any currency pair and lot size.
Tool Status
Pip Value (USD)
For 1 lot(s) of EURUSD
Quick Reference
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A pip (percentage in point) is the smallest standard price movement in forex. For most pairs, 1 pip = 0.0001. For JPY pairs, 1 pip = 0.01.
Pip value tells you how much money you make or lose for each pip the market moves. For EUR/USD with 1 standard lot, 1 pip = $10.00.
Knowing your pip value is essential for position sizing and risk management — it connects price movement to actual dollar amounts in your account.
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Pip value = (one pip / exchange rate) × lot size. For USD quote pairs like EUR/USD, it's simply 0.0001 × 100,000 = $10 per standard lot.
JPY pairs are quoted to 2 decimal places instead of 4, so 1 pip = 0.01 instead of 0.0001. The pip value also depends on the current USD/JPY exchange rate.
For pairs where USD is the quote currency (like EUR/USD), pip value is fixed at $10/lot. For other pairs, it fluctuates with the exchange rate.