A pipette, sometimes called a point, is one tenth of a pip. Brokers show five decimal places on most pairs and three on yen pairs so that prices can be quoted more precisely than a whole pip. A move of 10 pipettes equals 1 pip. When a broker states pip value for a micro lot it is usually the pipette figure that explains why very small price changes still cost something.
Forex glossary
Pipette
Related term
Pip
A pip (percentage in point) is the usual smallest move quoted in a currency price. For most pairs it is the fourth digit after the decimal point, so EURUSD movi…
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