Pip value calculator
Find out what one pip is worth in US dollars for your lot size, so you can turn a stop loss in pips into a dollar risk.
Or try it on your chart first, no accountFor a USD account. Educational tool, not financial advice.
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How the calculation works
One pip is 0.0001 for most pairs and 0.01 for pairs quoted in yen. Pip value in the quote currency is units times pip size; a standard lot is 100,000 units. If the quote currency is not USD, the value is converted to USD.
Example
On EUR/USD one standard lot moves $10 per pip (100,000 x 0.0001). On USD/JPY at 150.00, one lot is 1,000 yen per pip, about $6.67. Prices in these examples are illustrative.
From pips to dollar risk
Multiply the pip value by your stop distance in pips. A 25 pip stop on one standard lot of EUR/USD risks about $250. Use the position size calculator to size the trade from your risk percent.
Questions
How much is a pip worth on one standard lot?
On pairs quoted in USD, such as EUR/USD or GBP/USD, one pip on one standard lot is $10. On other pairs it depends on the exchange rate.
What is a mini or micro lot?
A mini lot is 0.1 lots (10,000 units) and a micro lot is 0.01 lots (1,000 units). Enter them as 0.1 or 0.01.
Which rate do I enter for a cross pair?
Enter the price of the quote currency in USD. For EUR/GBP that is the GBP/USD rate. For a pair quoted in yen, such as EUR/JPY, enter the USD value of one yen (1 divided by the USD/JPY price).
How much is a pip worth on gold (XAU/USD)?
With the usual contract of 100 ounces per lot and a pip of $0.10, one pip is $10 per standard lot and a $1 move in gold is $100 per lot. Some brokers call $0.01 a pip, so check your contract size. Pick Gold in the calculator.
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