Free tool — no account

Pip value calculator

What one pip is worth per lot, in the currency you choose.

Works without an account Formula printed with the answer Assumptions listed No live price hardcoded

Instrument

Account currency

Position size

Must be a whole multiple of the broker lot step (0.01 by default). Unit: lots.

Quote → account exchange rate (optional)

Only for a cross pair. Required for a cross pair. Enter the rate your platform shows.

Rate valid at (UTC) (optional)

Only for a cross pair.

Nothing is stored or emailed. The maths runs on the figures you typed.

What this tells you

Pip value depends on the instrument, the lot size and the conversion rate between the quote currency and your account currency.

Method

Pip value in the quote currency = pip size × contract size × lots. For EURUSD that is 0.0001 × 100,000 × lots = 10 USD per pip per lot; for USDJPY it is 0.01 × 100,000 = 1,000 JPY. Where the quote currency is not your account currency you supply that rate yourself and the result states that it was user-supplied. We never fetch or hardcode a rate.

Where the numbers come from

Contract sizes, pip conventions and session hours come from one published specification table, and the same class answers on the page and through the API. A conversion rate is only ever the figure you enter — the site does not fetch a price, because a hardcoded quote would be wrong for your broker and stale in seconds.

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Pip value calculator — questions

Why do I have to enter the FX rate?

Any rate we shipped would be stale the moment it was published. Entering your broker rate keeps the arithmetic honest and traceable.

Is a gold pip 0.1 or 1.0?

Broker conventions differ, which is why the XAUUSD result prints the pip value it assumed. Check your broker specification before sizing.

Pip value calculator

Pip value calculator — questions

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