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Forex Pip Value Calculator

Work out forex pip value instantly with clear inputs, formula shown and shareable results.

About Forex Pip Value Calculator

A pip is the smallest standard price increment, normally 0.0001 for most pairs and 0.01 for yen pairs. Pip value in the quote currency is simply position size times pip size, and dividing by the rate converts it into the base currency.

Formula

Pip value

Pip value (quote) = units × pip size; in base = that ÷ exchange rate

Worked example

With the default values below, Forex Pip Value Calculator returns Pip Value In Quote Currency of $10.0000. Change any input above and every figure here is recalculated in your browser.

Inputs used

Position Size In Unitsaccepts 1–100,000,000
100,000
Pip Sizeaccepts 0–1
0.0001
Exchange Rate For Your Pairaccepts 0–100,000
1.085

Results

Pip Value In Quote Currency
$10.0000
Pip Value In Base Currency
$9.2166
Pip Value Per Mini Lot
$1.0000
Pip Value Per Micro Lot
$0.1000

Step by step

  1. 1Values used
  2. 2Pip value
  3. 3Pip Value In Quote Currency= 10.0000
  4. 4Pip Value In Base Currency= 9.2166
  5. 5Pip Value Per Mini Lot= 1.0000
  6. 6Pip Value Per Micro Lot= 0.1000

Assumptions and limits

  • The result is derived only from the 3 inputs listed above. Anything not among them is not part of the calculation.
  • In particular, this calculator does not take inflation, tax, fees or charges or compounding frequency into account.
  • Figures are rounded for display to 4 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
  • Figures are estimates for planning only. Market returns are not guaranteed, and rates, limits and tax rules change. This is not financial or tax advice — speak to a qualified adviser before acting.
  • This is an estimate for general information and not professional financial, tax or legal advice. See the full disclaimer for the limits that apply to this kind of calculator.

How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.

Figures are estimates for planning only. Market returns are not guaranteed, and rates, limits and tax rules change. This is not financial or tax advice — speak to a qualified adviser before acting.

Frequently Asked Questions

Why is a standard lot's pip worth 10 units?

Because 100,000 units times 0.0001 equals 10 of the quote currency.

Do yen pairs differ?

Yes. Their pip is 0.01, so the same lot size gives a different pip value in yen terms.

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