1 pip on a 1.00 lot position in EUR/USD = 10.00 USD.
This content is for educational purposes only and does not constitute financial advice. This tool provides estimates and should not be your sole basis for trading decisions. Pip values shown are estimates pending live rate confirmation with your broker.
How This Calculator Works
For most currency pairs, a pip equals a 0.0001 price movement (or 0.01 for pairs quoted against the Japanese yen). The pip value depends on your trade size:
Pip value (in the pair's quote currency) = Pip size × Trade size (in units)
If your account currency is different from the pair's quote currency, that value is then converted using the current exchange rate between the two.
For example, on a standard lot (100,000 units) of EUR/USD, one pip is typically worth around $10 when your account is denominated in USD — but this changes with trade size and currency pair, which is exactly what this tool calculates precisely rather than estimates from memory.
Why Pip Value Matters
Pip value is a required input for calculating position size correctly (see our position size calculator). Without knowing what a pip is actually worth in your account currency, it's impossible to know how many pips of stop loss distance corresponds to how much real money at risk — which means position sizing becomes guesswork instead of a precise calculation.
Frequently Asked Questions
Is pip value the same for every currency pair?
No — it varies based on the pair (especially for JPY pairs, which use a different pip size), the trade size, and your account currency.
Does pip value change as prices move?
For pairs where your account currency is not the quote currency, pip value in your account currency can shift slightly as exchange rates move, since a conversion step is involved.
What's the difference between a pip and a "pipette"?
Some brokers quote prices with an extra decimal place (a pipette, or fractional pip), offering more precise pricing. This calculator uses standard pip values; check your broker's specific quoting convention if they use fractional pips.