Forex pip value calculator.
See exactly what one pip is worth on your trade. Pick the pair, your account currency, and your size, and get the pip value per standard, mini, and micro lot. Free, instant, no sign-up.
Your trade
Pick the pair and the size. The pip value updates as you type.
Pip value
$10.00
per pip on 1.00 standard lot
Per standard lot
$10.00
Per mini lot
$1.00
Per micro lot
$0.10
What a pip is
A pip is the standard unit of price movement in forex. For most pairs it is the fourth decimal place, so EUR/USD moving from 1.1000 to 1.1001 is a one-pip move. For pairs quoted in Japanese yen, the pip is the second decimal place instead, so USD/JPY moving from 150.00 to 150.01 is one pip. The pip is how the market keeps score: every stop-loss, target, and spread you ever set is measured in pips. If the term is new, our primer on what a pip is in forex walks through it slowly.
What pip value means
A pip tells you how far the price moved. Pip value tells you what that movement is worth in money, in your account currency, for the size you are trading. The same one-pip move is worth a different amount to a micro-lot trader and a standard-lot trader, because pip value scales with size. It is the number that turns a chart distance into a real gain or loss on your balance.
The formula
The calculator above runs one short step:
- Pip value= pip value per standard lot × your size in standard lots
From there the rest follows directly: a mini lot is one tenth of a standard lot, and a micro lot is one hundredth, so their pip values are simply the standard-lot figure divided by ten and by a hundred. Pip value per standard lot is the anchor. For a major quoted in your account currency, such as EUR/USD on a USD account, it is an exact 10, which is why the calculator pre-fills it. For pairs not quoted in your account currency, the exact figure is converted through a live exchange rate, so the field stays editable and you should confirm it with your broker. If lot sizes are unfamiliar, see what lot size means.
A worked example
Say you trade EUR/USD on a USD account at 0.5 standard lots. The pip value of one standard lot is about 10 USD, so your pip value is 10 × 0.5 = 5 USD per pip. If the trade moves 20 pips in your favor, that is 20 × 5 = 100 USD. If it moves 20 pips against you, you lose the same 100 USD. The pip value is what lets you read that off the chart before you ever click buy.
Why pip value matters for risk
Pip value is the quiet number underneath every risk decision. Your stop-loss is a distance in pips, but your account only feels it as cash, and pip value is the exchange rate between the two. Once you know what a pip is worth on your size, you can size a trade to a fixed dollar risk, compare setups honestly, and never be surprised by what a stop actually costs. That is the risk-first habit we teach at NorthPip: know the cost of being wrong before you take the trade, not after. To turn pip value into an exact lot size for a chosen risk, send it straight into the position size calculator, or start from the ground up with our free starter guide.
Frequently asked questions
- How do I calculate pip value?
- Pip value in your account currency is the pip value of one standard lot multiplied by your size in standard lots. For a USD-quoted major like EUR/USD on a USD account, one standard lot is worth about 10 USD per pip, so 0.5 lots is worth 5 USD per pip. For pairs not quoted in your account currency, the per-lot figure moves with live exchange rates, so confirm it with your broker.
- What is a pip worth on one standard lot?
- For a major pair quoted in your account currency, one pip on a standard lot is worth about 10 units of that currency: roughly 10 USD on a USD account for EUR/USD, GBP/USD, AUD/USD, and similar. JPY pairs, USD-base majors like USD/CAD, and crosses are not quoted in USD, so their pip value differs and depends on the current rate.
- Does pip value change with the exchange rate?
- For pairs quoted in your account currency it is effectively fixed, near 10 per standard lot. For every other pair the pip value is converted through a live rate, so it drifts as the market moves. That is why this calculator pre-fills a sensible figure but keeps the pip value field editable for you to match your broker.
- Why does pip value matter for risk?
- Pip value is the bridge between price movement and money. Your stop-loss is a distance in pips, but your account only feels it in cash. Multiply your stop in pips by the pip value of your size and you get the exact amount at risk. Without that number, position sizing and risk control are guesswork.
- Does this calculator give financial advice?
- No. It is an educational tool that does the pip-value arithmetic for you. It does not know your full circumstances and is not a recommendation to take any trade. Always confirm the exact pip value and final size with your broker and trade your own plan.