Pip Calculator
Value per pip changes in accordance to the mark-to-market currency price for the
indirect currency pairs.
To calculate your pip value simply select your Currency Pair from the drop list,
enter the Contract Size and the Ask Price and push the Calculate button.
Calculate Pip Value
What is Pip?
Pip (or Points) is the term used in currency market to represent the smallest incremental
move an exchange rate can make. Depending on context, normally one basis point (0.0001
in the case of EUR/USD, GBD/USD, USD/CHF and .01 in the case of USD/JPY).
What is Contract Size?
Contract or Lot is the standard unit of trading on certain exchanges.
What is a lot?
In the currency market, contract sizes are referred to as ‘lots’. A standard contract
is equal to $100,000 USD. A trader placing a 4 lot trade is thus trading $400,000
dollars in the market. Because most traders are using margin, standard lots are
typically controlled with $1,000 (100:1 leverage). The above contract sizes are
listed in order to determine Pip values based on the contract size you are trading.
As you likely know, many currency brokers now offer ‘mini’ or even ‘micro’ lots.
Mini contracts are simply 10% the size of a standard lot, a micro contract would
thus be 10% the size of a mini contract.