Pip Calculator
Inputs
You enter this. There is no live market feed on this site.
Your account currency is neither the base nor the quote currency, so the rate has to be filled in.
Results
Pip value by instrument and lot size
Every figure below is stated in the quote currency of the pair, before any conversion into your account currency. That is deliberate: pip size and contract size are fixed conventions, so these numbers do not drift with the market. Converting them into your own currency is what the calculator above does, using the price you type in.
| Instrument | Pip size | Contract size | Quote | Standard (1.0) | Mini (0.1) | Micro (0.01) |
|---|
Metals follow the two-decimal convention used across this site: a pip on XAUUSD and XAGUSD is a move of 0.01 in price, and one point is a tenth of that. Some tools and brokers call the 0.001 digit on silver a pip instead — see the note on conventions below.
What this calculator covers
It covers 30 instruments: 28 currency pairs plus gold (XAUUSD) and silver (XAGUSD). Each pair carries its own quoting convention, and the calculator applies the right one for whichever instrument you pick, then prints it on screen so you can check it against your broker.
Account currencies cover the majors and the commonly used minors. You can run the numbers on a standard account or a cent account, where one lot is a thousand units rather than a hundred thousand.
Index CFDs such as US30, NAS100 and SPX500 are left out on purpose. Their contract size and point value differ from broker to broker, so any figure printed here would be a guess. Crypto pairs are left out for the same reason. For either, read your broker's contract specification.
How pip value is calculated
Two fixed numbers decide the pip value, and one market number converts it into your currency:
- Pip size — how much price has to move to count as one pip. A convention, not a rate.
- Contract size — how many units sit in one standard lot. Also a convention.
- The exchange rate — needed only when the quote currency is not your account currency.
Pip size × contract size × lot size gives the pip value in the quote currency. That number is fixed. Converting it into your account currency is the only step that depends on the market, and that is where a stale rate produces a wrong answer.
Worked example, EURUSD on one standard lot with a USD account: pip size 0.0001 × contract size 100,000 × 1 lot = 10 USD per pip. The quote currency is already USD, so no conversion is needed and the answer stays 10 USD however the pair moves.
Worked example, USDJPY on one standard lot with a USD account: pip size 0.01 × contract size 100,000 × 1 lot = 1,000 JPY per pip. The quote currency is JPY and the account is USD, so divide by the USDJPY rate you typed in.
Why JPY pairs put the pip on the second decimal
A pip is not a fixed count of decimals across every instrument — it follows the quoting convention. On four-decimal pairs such as EURUSD, one pip is 0.0001 and one point is 0.00001. On JPY-quoted pairs such as USDJPY, one pip is 0.01, the second decimal rather than the fourth. One pip is always ten points.
The reason is the size of the unit. The yen is worth roughly a hundredth of a dollar or a euro, so a four-decimal pip on a JPY pair would be a price move far smaller than anything the market trades in. Quoting to two decimals keeps the pip at a usable size. It does not make the pip more valuable — it makes it a different number of price units, which is exactly why the result above multiplies by the pip size instead of assuming 0.0001.
Metals quoted to two decimals work the same way: one pip is a move of 0.01 in price.
Pip and point — where the industry disagrees
Most pairs are quoted to five decimals, and the fifth digit is a point, not a pip. Brokers that quote five decimals often say "pip" when they mean the fifth digit. If your broker shows five decimals and calls the last one a pip, their "pip" is this site's point, and their numbers will be a tenth of the ones here.
Gold is the other place the wording splits. This site treats a pip on XAUUSD as a move of 0.01 in price, which gives one dollar per pip on a standard lot of 100 ounces. Some tools treat a pip on gold as a move of 0.10, which gives ten dollars per pip on the same position. Both are in circulation; neither is a calculation error, they are different definitions. Check which one your broker or signal provider uses before comparing numbers.
Silver has the same split, with some tools treating 0.001 as the pip. If a figure here disagrees with another tool, check the pip size it assumes before assuming one of you is wrong.
Where the prices come from
You enter them. This page has no live market feed — it does not fetch prices, and it will never show a price it did not get from you. Open your broker's platform, copy the current price for the pair you are trading, and paste it into the price field.
When your account currency is the quote currency, no conversion is needed. When it is the base currency, the rate is derived from the price you entered. When it is neither — a USD account trading EURGBP, for example — a conversion field appears and you fill it in yourself, because the site has no rate to offer you.
Frequently asked questions
Is this the same as a pip value calculator?
Yes. The two names describe the same job: turning a pip of movement into an amount of money in your account currency. This page also reports the pip value in the quote currency before conversion, which is the part that stays constant.
Does it work for forex pairs that are not majors?
Yes — the cross pairs and the commonly quoted exotic pairs are all in the list, and each carries its own pip size and contract size. The calculation is identical; only the quoting convention changes.
How much profit is 50 pips?
Set the number of pips to 50 and read the profit or loss line. It is the pip value multiplied by 50, so the answer depends entirely on the pair and the lot size: the same 50 pips is a very different amount on a micro lot of EURUSD than on a standard lot of a JPY cross.
Why does my pip value differ from another calculator?
Three things cause it, and all three are worth checking. The pip size may be defined differently, especially on gold and silver. The contract size may differ, which is what separates a cent account from a standard one. Or the other tool converted using a rate captured earlier, which drifts. This page shows all three inputs so you can see which one is at odds.
Does leverage change the pip value?
No. Leverage changes how much margin a position needs, not what a pip is worth. Pip value comes from the pip size, the contract size and the lot size only.
The lot size calculator turns this the other way round: give it a stop distance and a risk percentage, and it returns the position size that keeps the risk inside your limit.