Free tool

Pip value calculator

What one pip, tick or point is worth on the size you are about to trade. This is the number every other risk calculation is built on.

Instrument

Position

lots
Pip value · this position
Per 1 lot
$10.00
Quote currency
USD
How it works

What the pip and tick value calculator does

point value = units x contract multiplierpip value = point value x pip size

Units means lots multiplied by the lot size for anything traded in lots, and the plain contract or coin count for everything else. Futures use their tick size in place of a pip, and indices move in whole points.

Example

A worked example

  1. 01One standard lot of EURUSD is 100,000 units.
  2. 02A full 1.0000 move on that size is worth $100,000.
  3. 03A pip on EURUSD is 0.0001 of that move.
  4. 04$100,000 x 0.0001 = $10 per pip.
Questions

Worth knowing

What is a pip?
The smallest conventional price step for the instrument. On most currency pairs that is 0.0001, on yen pairs 0.01. Futures quote in ticks instead, and indices in points, so the calculator switches to whichever unit the instrument really uses.
Why is my pip value not a round number?
Because the pair is not quoted in your account currency. A pip on USDJPY is worth a fixed number of yen, and what that is worth to you moves with the exchange rate.
Does pip value change as price moves?
For a pair quoted in your account currency, no. For anything else it drifts with the cross rate, which is why the same stop can cost slightly different amounts on two identical trades.
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