Pip value calculator
The dollar value of one pip for your position size, on majors, yen pairs and crosses. Pick a pair, enter your lots, and see what every pip — and every 20- or 50-pip move — is worth.
1 lot = 100,000 units · 0.1 = mini · 0.01 = micro
Pip value
$10.00
per pip on 1.00 lots
Standard lot
$10.00
100,000 units
Mini lot
$1.00
10,000 units
Micro lot
$0.100
1,000 units
On 1.00 lots of EUR/USD, every 0.0001 move is worth $10.00. A 20-pip move against you costs $200.00; a 50-pip move, $500.00.
Pip value is what turns a stop-loss measured in pips into a stop-loss measured in money. Without it, “a 50-pip stop” means something completely different on one lot than on a micro lot — a $500 loss or a $5 one.
To go the other way — from the amount you are willing to lose to the lot size you should trade — use the forex lot size calculator.
Frequently asked questions
- What is a pip in forex?
- A pip is the standard unit a currency price moves in: 0.0001 for most pairs (EUR/USD 1.0850 → 1.0851 is one pip) and 0.01 for pairs quoted in Japanese yen (USD/JPY 150.00 → 150.01). Many brokers also show a fifth decimal — a "pipette", a tenth of a pip.
- How much is one pip worth?
- On one standard lot (100,000 units) of any pair quoted in US dollars, such as EUR/USD or GBP/USD, a pip is worth exactly $10. A mini lot (10,000 units) is $1 and a micro lot (1,000 units) is $0.10. For other pairs the value moves with the exchange rate — on USD/JPY at 150 a pip on one lot is about $6.67.
- How do you calculate pip value?
- Multiply the pip size by the number of units to get the pip value in the pair's quote currency, then convert that to your account currency. For EUR/USD: 0.0001 × 100,000 = $10. For USD/JPY at 150: 0.01 × 100,000 = ¥1,000, and ¥1,000 ÷ 150 = $6.67.
- Why do I need a second exchange rate for cross pairs?
- A cross like EUR/JPY pays its pips in yen, and yen is not your account currency. Converting them to dollars needs the yen's dollar rate — USD/JPY — not the EUR/JPY rate you are trading. For EUR/GBP the pips are in pounds, so the rate you need is GBP/USD.
These calculators are educational and are not financial advice. They describe arithmetic, not outcomes — no position size makes a losing strategy profitable. Trading carries risk, including loss of capital.