Forex pip value calculator

Find the value of one pip in your account currency for any pair and lot size, including JPY and cross pairs. Free, runs in your browser, nothing is sent anywhere.

Pip sizeSome brokers quote a fifth decimal (a pipette), but a pip is still the fourth.Contract size (units per 1.00 lot)100,000 for standard forex lots.Position size (lots)Account currency per 1 unit of the quote currency1 when the pair's quote currency is your account currency (EURUSD on a USD account). For USDJPY on a USD account enter 1 divided by the USDJPY price, for example 1 / 150 = 0.00667.

Pip value in the quote currency10.00What one pip is worth before converting to your account currency.

Pip value in your account currency10.00Per pip, for this position size.

How pip value is calculated

A pip is the standard small price step: 0.0001 for most pairs and 0.01 for pairs quoted in Japanese yen. The value of one pip is that step multiplied by the contract size (100,000 units for a standard lot) and by the number of lots. The result is in the pair's quote currency, so it is converted to your account currency at the current rate.

Worked examples

EURUSD on a USD account: 0.0001 x 100,000 = 10 USD per pip for 1.00 lot, so 0.50 lots is worth 5 USD per pip.

USDJPY on a USD account: 0.01 x 100,000 = 1,000 JPY per pip for 1.00 lot. With USDJPY at 150, one yen is worth 1 / 150 USD, so a pip is about 6.67 USD. Enter 0.00667 in the conversion field to see it.

Why it matters for an Expert Advisor

An EA's stop loss and take profit are usually set in pips or points, so the same setting risks a different amount on a different pair or lot size. Knowing the pip value lets you turn a stop in pips into money, and from there into a lot size that risks a fixed share of the account. The lot size calculator does that last step for you.

Pips, points and gold

MetaTrader 5 prices often have a fifth decimal (or a third on yen pairs), and its "points" are one tenth of a pip on those symbols. Gold is not standardised: brokers differ on what they call a pip, so for XAUUSD work in dollars of price movement instead, as the gold lot size calculator does. Confirm the tick value and contract size in the symbol specification in MT5 before you rely on any figure.

This calculator is general education, not financial advice. Results are estimates that ignore spread, commission, slippage and swap, and trading carries a high level of risk.