Forex Pip Value Calculator
FOREX · PIP VALUE · QUOTE-CURRENCY DENOMINATED
Value of 1 pip for any forex pair and position size, in that pair's own quote currency. No signup, no live data dependency.
Format: BASE/QUOTE, e.g. EUR/USD, USD/JPY, GBP/USD
What is a pip worth?
A pip is the smallest standard price move in a forex pair: 0.0001 for most pairs, 0.01 for pairs quoted in Japanese yen. The value of that move in money terms depends on your position size and comes out naturally in the pair's own quote currency, no exchange rate needed: EUR/USD's pip value is in USD, USD/JPY's is in JPY.
The formula
- Pip value (quote currency) = units × pip size
- Pip size = 0.01 if the quote currency is JPY, else 0.0001
Worked example
1 standard lot (100,000 units) of EUR/USD:
- pip value = 100,000 × 0.0001 = $10 per pip
1 standard lot of USD/JPY (JPY-quoted, so pip size is 0.01):
- pip value = 100,000 × 0.01 = ¥1,000 per pip
Standard, mini, micro, and nano lots
A standard lot is 100,000 units of the base currency, a mini lot is 10,000, a micro lot is 1,000, and a nano lot is 100. Pip value scales linearly with position size: a mini lot of EUR/USD is worth $1 per pip, a micro lot $0.10.
Where to go next
Once you know what a pip is worth, use it to work out where your true breakeven sits after spread and commission, or check your risk/reward ratio in pip terms.
Use via API or MCP
This calculation is available as a deterministic API call for bots and AI agents.
Why is my pip value in USD for some pairs and not others?
Pip value comes out in the pair's own quote currency: EUR/USD's quote currency is USD, so its pip value is naturally in USD. USD/JPY's quote currency is JPY, so its pip value is naturally in JPY. Converting that into a different account currency needs a live exchange rate, which this calculator doesn't do yet.
Why is USD/JPY's pip size 0.01 instead of 0.0001?
Yen-quoted pairs use a different pip convention because the yen has no minor unit worth subdividing the way cents divide a dollar. Every JPY-quoted pair (USD/JPY, EUR/JPY, GBP/JPY, etc.) uses 0.01 as its pip size; every other major pair uses 0.0001.
What's the difference between a standard, mini, micro, and nano lot?
They're fixed position sizes: 100,000 / 10,000 / 1,000 / 100 units of the base currency respectively. Pip value scales exactly with lot size, so a mini lot's pip value is always 1/10th of a standard lot's.
Does pip size depend on which broker I use?
No. Pip size (0.0001, or 0.01 for JPY pairs) and lot sizes are a universal market convention, not something individual brokers define differently. Some brokers additionally quote a fractional "pipette" (1/10 pip) for tighter spread display, but that's a display choice on top of the same underlying pip.