Pip Value Calculator

This pip calculator answers one question: if the exchange rate moves by one pip, how many US dollars does your position gain or lose? Pick a pair, enter the price and a size in lots, and the result updates as you type. Everything is calculated in your browser; nothing is sent or stored.

The formula behind the pip calculator

A standard lot is 100,000 units of the base currency. The pip size is 0.0001 for most pairs and 0.01 for pairs quoted in Japanese yen; for gold the calculator uses 100 ounces per lot and a $0.01 step. The last term converts the result into dollars:

• For pairs quoted in USD, such as EUR/USD or GBP/USD, no conversion is needed, so one standard lot is worth $10 a pip.
• For pairs where USD is the base, such as USD/JPY, divide by the current price.
• For crosses such as EUR/GBP, the calculator asks for the rate of the quote currency against the dollar.

Worked examples

These use illustrative prices, not live quotes.

EUR/USD, 0.3 lots. 0.3 × 100,000 = 30,000 euros. One pip is 30,000 × 0.0001 = $3. A 25-pip move is therefore worth $75 either way.

USD/JPY at 150.00, 1 lot. 100,000 × 0.01 = 1,000 yen per pip. Converted at 150 yen to the dollar, that is 1,000 ÷ 150 ≈ $6.67 a pip. If the rate were 140 instead, the same pip would be worth more in dollars, which is why the price field matters for yen pairs.

How to use the result

Pip value on its own tells you how sensitive a position is. Multiply it by the distance to your stop-loss and you have the amount you are risking; our position size calculator does that step in reverse. Remember that spreads, commissions and overnight financing come on top, and that a stop can be filled at a worse price when markets gap.