Forex Pip Value Calculator
Calculate pip value per lot without JavaScript. JPY quotes auto-detect. Convert into your account currency when needed.
Pip size
Pip value in USD
Pip value in USD
What the forex pip value calculator does
This forex pip value calculator shows the cash value of a one-pip move for your position size and pair. It keeps things simple: select a currency pair, choose lots, and see pip value in the quote currency and, if needed, converted to your account currency. Because JPY-quoted pairs use a pip of 0.01 instead of 0.0001, the calculator auto-detects them so you always get the right pip size without doing any mental math.
How the forex pip value calculator works
The core formula is: pip value (quote) = pip size × 100,000 × lots. A standard lot is 100,000 units of the base currency; minis (0.10) and micros (0.01) scale down linearly. After calculating the pip value in the quote currency, the forex pip value calculator converts it to your account currency when needed—either via the current price (for base-currency accounts on that pair) or a direct quote→account conversion rate you supply.
Examples
- EUR/USD: pip size = 0.0001. For 1.00 lot, pip value = 0.0001 × 100,000 = USD 10 per pip. For 0.10 lot it’s USD 1/pip; for 0.01 lot it’s USD 0.10/pip.
- USD/JPY: pip size = 0.01. For 1.00 lot, pip value = 0.01 × 100,000 = ¥1,000 per pip. If USD/JPY = 156.20 and your account is in USD, that’s about USD 6.40 per pip (1,000 ÷ 156.20).
- EUR/GBP with USD account: per standard lot the pip value is £10/pip. If GBP/USD = 1.27, that’s roughly USD 12.70/pip. Minis and micros scale down by factor 10 and 100.
How to use this forex pip value calculator
- Pick your currency pair. The tool detects JPY quotes and sets pip size correctly.
- Enter the lot size. 1.00 = standard, 0.10 = mini, 0.01 = micro.
- Select account currency mode. If your account matches the quote currency, you’re done.
- If your account equals the base currency, add the current price so the calculator can convert quote → base.
- If your account is another currency, enter the quote→account conversion rate and the forex pip value calculator will output both values clearly.
Risk management with the forex pip value calculator
Turning pips into money helps you size positions consistently. If you risk USD 50 on a trade with a 20-pip stop, your target pip value is USD 2.50/pip. On EUR/USD, that’s roughly 0.25 lots (since 1.00 lot ≈ USD 10/pip). On USD/JPY, check the live price because USD pip value changes as the exchange rate moves. Using the forex pip value calculator before placing orders keeps your stop distance, lot size, and risk aligned instead of guessing.
FAQs about the forex pip value calculator
Does pip value change?
If your account currency equals the pair’s quote currency (e.g., USD account on EUR/USD), pip value per lot is constant. When it doesn’t match—especially JPY quotes—the pip value in your account currency varies with the exchange rate, which is why the forex pip value calculator includes conversion.
Why do JPY pairs use 0.01 pips?
Yen pairs are quoted to two decimals traditionally, so a one-pip move is 0.01. The forex pip value calculator handles this automatically and shows results in both the quote currency and your account currency.
Trading involves risk. The examples here are educational, not financial advice. Always confirm pip value and position size with the calculator before placing a live order.
