Pip value calculator

See what one pip is worth for any major currency pair and position size.

InstrumentPosition sizelotsAccount currencyConversion rate: account-currency units for ONE quote-currency unitIndicative reference value as of 2026-10-08. An approximate value is fine for sizing; replace it with your own quote if you have one.

Value of one pip

USD 10.00

on 1 lots of EURUSD

Pip size

0.0001

Units

100,000

Value of 10 pips

USD 100.00

Value of 50 pips

USD 500.00

One lot is 100,000 base-currency units. A conversion rate is needed when quote and account currencies differ. Table rows without a rate show an em dash.

Pip value by pair

Pair	Pip size	Per standard lot	Your position
EURUSD	0.0001	USD 10.00	USD 10.00
GBPUSD	0.0001	USD 10.00	USD 10.00
AUDUSD	0.0001	USD 10.00	USD 10.00
USDJPY	0.01	—	—
USDCHF	0.0001	—	—

How to use the pip value calculator

Pick the currency pair and account currency.
Enter your position size in lots (1 lot = 100,000 units).
If needed, enter account-currency units for ONE quote-currency unit, then read the value of one pip.

Formula

Units = lots × 100,000Pip value = pip size × units × quote-to-account currency rateEURUSD: 0.0001 × 100,000 = USD 10.00 per pip on 1 lots

FAQ

What is a pip?

This calculator uses a price step of 0.0001 for the listed non-JPY pairs and 0.01 for USDJPY. Multiplying that step by the position’s base-currency units gives its quote-currency value.

Why do JPY pairs have a different pip value?

USDJPY uses a pip size of 0.01. Its pip value is in yen before conversion. A different account currency requires the account-currency units for ONE yen as an input.

How does position size change pip value?

Pip value is proportional to position size. Doubling the lots doubles the base-currency units and the value of each pip, with the same conversion rate.

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