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Forex Pip Value Calculator

One pip is worth the pip size times your position size, in the pair's quote currency. For a standard lot of any 4-decimal pair that is exactly 10 units of the quote currency; for a 0.1-lot USD/JPY position it is 100 JPY, about 0.66 USD on a dollar account. Everything else — sizing, margin usage, expected loss at the stop — is built on this one number.

Result

Value of one pip$0.66
Value of one pip (quote currency)¥100.00
One pip equals0.0100
units10,000 USD
Value of one pip — per standard lot$6.58

Rates snapshot: 2026-09-01 — Conversions use an indicative rate snapshot, not your broker’s live quote. Treat the result as a planning figure and confirm it in your platform before you trade.

How the calculation works

The exact part of the calculation is short:

pip value (quote currency) = pip size × position size in units

For a standard lot of a 4-decimal pair: 0.0001 × 100,000 = 10 quote units. That is why “10 dollars a pip” is true for EUR/USD on a dollar account and misleading almost everywhere else — it is 10 quote units, and the quote currency is only sometimes yours.

The second step is the one that introduces uncertainty:

pip value (account currency) = pip value (quote) × rate(quote → account)

This calculator converts using a dated rate snapshot, shown under every result. Your broker converts at its own rate at the moment of the fill. For planning the difference is immaterial; for reconciling a closed trade to the cent, it is not.

Pip size by instrument

Instrument Pip One standard lot Pip value per lot
EUR/USD, GBP/USD, AUD/USD 0.0001 100,000 units 10 USD
USD/JPY, EUR/JPY, GBP/JPY 0.01 100,000 units 1,000 JPY
XAU/USD 0.01 100 ounces 1 USD

Where this number gets used

Pip value is not usually the thing you want to know — it is the thing the useful answers are made of. Multiply it by your stop distance and you have the loss you are accepting. Divide your risk budget by that product and you have your position size. Both of the other calculators here call this same function internally.

A worked example

Currency pair
USD/JPY
Position size
0.10 lots
Account currency
USD

0.0100 × 10,000 USD → USD

Value of one pip
$0.66
Value of one pip (quote currency)
¥100.00
One pip equals
0.0100

Worked examples on the English edition use a 10,000 USD account, which is roughly the median funded retail account size quoted in broker disclosures.

Local context

Pip and point are used interchangeably in a lot of English-language material, and brokers do not help: most platforms now quote a fifth decimal (a "pipette"), so a 12-pip move shows as 120 points on the price feed. This calculator uses the classical pip — the fourth decimal, or the second on JPY pairs and gold. If your platform's numbers are ten times larger, that is why.

RegulatorVaries by residence: FCA (UK), ASIC (Australia), CySEC (Cyprus/EU), CFTC & NFA (US)
Maximum leverage30:1 for major pairs under FCA, ASIC and CySEC rules; 50:1 for majors in the US under CFTC/NFA
Account currencyUSD

TODO: zweryfikuj — the English edition serves several tax jurisdictions, so no single rate applies. Do not state one; link readers to their own tax authority.

Common questions

Is a pip always 0.0001?
No. It is 0.0001 on most pairs, 0.01 on JPY-quoted pairs and on spot gold, and on some exotic pairs the convention differs again. The calculator uses the right pip size per instrument rather than assuming.
Why is the pip value in my account currency not a round number?
Because it has been converted. In the quote currency it is round — 10 quote units per standard lot on a 4-decimal pair. The moment your account is in a different currency, an exchange rate enters and the roundness disappears.
Does pip value change while the trade is open?
For a pair quoted in your account currency, no. Otherwise yes, slightly, because the conversion rate moves. It is a second-order effect for short-term trades and a real one for positions held for weeks.
What is one pip worth on gold?
One lot of XAU/USD is 100 ounces and a pip is 0.01, so one pip is exactly 1 USD. Gold is the instrument where assuming "10 per lot" goes most obviously wrong.

Method and sources

Last updated: · Rates snapshot: 2026-09-01

Conversions use an indicative rate snapshot, not your broker’s live quote. Treat the result as a planning figure and confirm it in your platform before you trade.

  • Instrument specifications used here — see engine/instruments.ts
  • Rate snapshot — see engine/rates.ts

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