Pip Calculator
See exactly how much one pip is worth for your position size — and what a 10, 30 or 100 pip move means in dollars — before you place the trade.
1 pip = 0.0001 price move on EUR/USD.
How it works
A pip is the standard unit used to measure price movement. For most pairs it is the fourth decimal place (0.0001); for pairs quoted in Japanese yen it is the second (0.01). What a pip is worth depends on the pair, your position size, and your account currency.
The pip value is first worked out in the pair's quote currency — pip size × units traded — and then converted to US dollars. When the quote currency is already USD (EUR/USD, GBP/USD, gold) no conversion is needed. For pairs such as USD/JPY or EUR/GBP you enter the current price of the pair used for the conversion.
Example: 0.50 lot of EUR/USD = 50,000 units × 0.0001 = $5 per pip, so a 20-pip move is $100.
Frequently asked questions
What is a pip in forex?
How much is one pip worth on a standard lot?
Why do I need to enter a price for some pairs?
Is the result exact?
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Disclaimer: these calculators are for education and planning only and are not financial advice. Results are estimates — real pip values, spreads, commissions and swaps differ by broker. Trading leveraged products involves a high risk of loss. Read the full risk disclosure.