Pip Calculator

Q: What are a pip and pip value?

A pip is usually the smallest price movement in a quote: for most non-JPY currency pairs, 1 pip = 0.0001; for JPY pairs such as USD/JPY, 1 pip = 0.01. Pip value refers to how much your account profit or loss changes when the price moves by 1 pip, denominated in your account’s base currency.

Q: What is a pipette, and how is it different from a pip?

In 5-digit or 3-digit quotes, a pipette usually equals 0.1 pip (one-tenth of a pip). For example, if EUR/USD moves from 1.09255 to 1.09260, that is a 0.5 pip move (5 pipettes).

Q: Why does the pip value differ for the same 1 pip across different account currencies?

Because the final profit or loss is settled in the account’s base currency, pip value often involves real-time exchange rate conversion. For the same currency pair, the pip value shown in a USD account versus an EUR account may differ—this is normal.

Q: What parameters are required for a pip value calculator, and how should they be filled in?

Typically, four inputs are required: Pips (how many pips to calculate), the trading instrument, position size (lots or units), and the account base currency. If you only want to calculate the value per 1 pip, set Pips to 1 and enter the position size based on your actual trade size.

Q: What is the difference between pip value and spread? Which one does this page calculate?

Pip value is the profit or loss amount corresponding to a 1 pip price move, while spread is the difference between the bid and ask prices and represents part of trading costs. This page calculates pip value, not spread costs.

Edited by

David Johnson

Fact checked by

Evelina Laurinaityte

Last updated

February 2026 Advertising disclosure →

By using the EUR/USD Forex Pip Value Calculator (Pip Calculator), combined with real-time prices, trade size (lots/units), and your account base currency, you can quickly calculate the profit or loss per 1 pip for different instruments, helping you better control position sizing and risk. If you are not yet familiar with the concept of pips, you may want to read

The calculator supports forex currency pairs, indices, commodities, and major cryptocurrencies, making it ideal for estimating “how much 1 pip is worth in your account currency” before placing a trade. You can also use it together with our Position Size Calculator to build a complete risk management workflow.

What Are Pips and Pip Value?

A pip usually refers to the smallest price movement of a quoted instrument: for most non-JPY currency pairs, 1 pip = 0.0001; for JPY pairs such as USD/JPY, 1 pip = 0.01. With 5-digit pricing, you may also see pipettes, which are typically equal to 0.1 pip.

Pip value refers to how much your account profit or loss changes when the price moves by 1 pip (denominated in your account’s base currency). Pip value depends on the trading instrument, trade size, and exchange rate, which means the same 1 pip can be worth different amounts in different account currencies.

How to Use the Pip Value Calculator

Select the instrument: such as EUR/USD, XAU/USD, BTC/USD, etc.
Enter pips: for example, 1 (to calculate the value of 1 pip).
Set the trade size: choose the number of lots or enter the number of units (e.g., 0.10 lots or 10,000 units).
Select the account base currency (deposit currency): such as USD, EUR, GBP, etc.
Click “Calculate”: the system will return the corresponding pip value based on real-time prices.

Pip Value Formula and Example

A commonly used approximation: Pip Value ≈ (price change per 1 pip ÷ current exchange rate) × number of trading units (example for illustration purposes only).

Example: When the EUR/USD exchange rate is 1.21580 and the trade size is 10,000 units:
Pip Value = (0.0001 / 1.21580) × 10,000 = 0.8225 (in the account currency).

Note: The calculation results depend on market data and instrument pricing rules and are provided for trading reference only. Actual execution may also be affected by spreads, slippage, and fees/commissions.

FAQ: About Pips and Pip Value Calculations

What are a Pip and Pip Value?

A pip is usually the smallest price movement in a quote: for most non-JPY currency pairs, 1 pip = 0.0001; for JPY pairs such as USD/JPY, 1 pip = 0.01. Pip Value refers to how much your account profit or loss changes when the price moves by 1 pip, denominated in your account’s base currency.

What is a pipette, and how is it different from a pip?

In 5-digit or 3-digit quotes, a pipette usually equals 0.1 pip (one-tenth of a pip). For example, if EUR/USD moves from 1.09255 to 1.09260, the change is 0.5 pip (5 pipettes).

Why does the pip value differ for the same 1 pip across different account currencies?

This is because the final profit or loss must be settled in your account’s base currency, which often involves real-time exchange rate conversion. As a result, the same instrument may show different pip values in a USD account versus an EUR account—this is normal.

What parameters are required for a pip value calculator, and how should they be filled in?

Typically, four inputs are required: Pips (how many pips to calculate), trading instrument, position size (lots or units), and account base currency. If you want to calculate the value of 1 pip, simply enter 1 for Pips. Enter the position size according to your actual trade size.

What is the difference between pip value and spread? Which one does this page calculate?

Pip Value refers to how much profit or loss changes when the price moves by 1 pip, while Spread is the difference between the bid and ask prices and represents part of the trading cost. This page calculates pip value, not spread costs.

Why might the calculated result differ from the actual trading profit or loss?

Pip value calculations are usually based on real-time prices and contract specifications, but actual trade results can also be affected by spreads, slippage, fees/commissions, and overnight swap rates. Therefore, this tool is intended for estimation and risk management; the final settlement is subject to your trading platform.