Tools / Pip Calculator

Forex Pip Calculator

Know what a pip is actually worth before you trade. Any pair, any account currency - in real money, at your size.

Free · no signup · works with FX, gold, indices and futures
live rates
Instrument
Account currency
Position size (lots)
Value per pip at this size
10.00USD
Standard lot (1.00)10.00 USD
Mini lot (0.10)1.00 USD
Micro lot (0.01)0.10 USD
1 pip = 10.00 USD / lot

One pip on this trade is worth 10.00 USD. Do you know that before every entry?

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What pip value really means

A pip tells you how far price moved. Pip value tells you what that move is worth in your account - and that second number is the one that decides how much you make or lose. Two traders can take the same 30 pip move and walk away with wildly different results, purely because their position sizes made each pip worth a different amount of money.

pip value = pip size x contract size, converted to your currency

Worked example: EURUSD

One standard lot of EURUSD is 100,000 units, and a pip is 0.0001. Multiply and a single pip is worth 0.0001 x 100,000 = $10 on a USD account. Trade a mini lot (0.10) and it is $1 a pip; a micro lot (0.01) is $0.10. That is why a 50 pip winner is $500 on one standard lot and $50 on a mini - same chart, different money, decided entirely by size.

Yen pairs move with the rate

For yen pairs a pip is 0.01, so one pip on a standard lot is 1,000 yen. Unlike EURUSD, that value is not a fixed dollar amount - it converts through the current USDJPY rate, so pip value drifts as the pair moves. This calculator pulls the latest rate and lets you override it, so the number reflects the market you are actually trading, not a textbook constant.

Gold, indices and futures: points and ticks

Not every market moves in pips. Gold and indices move in points, and futures move in ticks, but the money question is identical: what is one increment worth at my size. On XAUUSD a point (0.01) is $1 per standard lot; on the S&P 500 E-mini a tick (0.25) is $12.50 per contract. Pick the instrument and the calculator switches to the right increment automatically.

Account currency, handled properly

If your account is not in the quote currency of the pair, pip value has to be converted - a euro account trading USDJPY involves three currencies at once. The calculator converts through the latest rates so the figure you see is the figure that lands in your account, and when a rate is missing you can type it in rather than trust a guess.

FAQ

What is a pip?
A pip is the standard unit a currency pair moves in - the fourth decimal place for most pairs (0.0001) and the second for yen pairs (0.01). Pip value is what one pip is worth in money at your position size, which is what this calculator gives you.
How much is one pip worth?
On a standard lot of EURUSD a pip is worth $10, on a mini lot $1, and on a micro lot $0.10 - when your account is in USD. For other pairs and account currencies the value converts at the live rate; enter your pair and size above to see the exact figure.
How do I calculate pip value?
Pip value = pip size x contract size, converted to your account currency. One standard lot is 100,000 units, so on EURUSD that is 0.0001 x 100,000 = $10 per pip. The calculator carries the contract size for every market it lists and converts the result into your currency.
Why is pip value different for JPY pairs?
Yen pairs quote to two decimals, so a pip is 0.01 and one pip on a standard lot is 1,000 yen. That yen figure then converts to your account currency at the current rate, which is why USDJPY pip value moves with the exchange rate while EURUSD stays fixed at $10.
What is a pip on gold or an index?
Gold and indices move in points rather than pips, and futures move in ticks. The idea is the same - the calculator shows the money value of one point or tick at your size. On XAUUSD one point (0.01) is worth $1 per standard lot; on the S&P 500 E-mini one tick is $12.50 per contract.
Do I need a TradeDNA account to use this?
No. Every tool here is standalone and free - no signup, no limits. A TradeDNA account is for what comes after the math: seeing the real money on the line, and whether your actual trades match the risk you planned.