Free calculator for forex pip value. Choose pair, lot size, and account currency — get the dollar value per pip instantly. Works for all major pairs (EUR/USD, GBP/USD, USD/JPY) and JPY-quoted pairs.
A pip (percentage in point) is the standard measurement unit for a forex price move. For most pairs (EUR/USD, GBP/USD, USD/CAD, AUD/USD), one pip equals 0.0001 — the fourth decimal place. For pairs quoted in Japanese yen (USD/JPY, EUR/JPY, etc.), one pip is 0.01. The pip value is what one pip is worth in your account currency for a specific trade size. Knowing pip value is the foundation of position sizing — without it, you can't translate "I'll risk 30 pips" into actual dollars.
| Lot type | Units | Pip value (USD per pip) |
|---|---|---|
| Standard | 100,000 | $10.00 |
| Mini | 10,000 | $1.00 |
| Micro | 1,000 | $0.10 |
| Nano | 100 | $0.01 |
These figures apply to pairs where USD is the quote currency (the second one listed). For cross-pairs (EUR/GBP, AUD/NZD) and reverse pairs (USD/CHF, USD/JPY), pip value depends on the current exchange rate — use the calculator above.
A pip is the smallest standard price move in a forex pair. For most pairs it's 0.0001 (fourth decimal). For JPY pairs it's 0.01. Pip value is what one pip equals in your account currency for a given trade size.
For a USD account on USD-quoted majors: pip value = 0.0001 × units. Standard lot = $10/pip, mini = $1, micro = $0.10. For other pairs, exchange rate conversion is needed.
Standard = 100,000 units, mini = 10,000, micro = 1,000, nano = 100. Smaller lots reduce per-pip risk. Most retail traders use mini or micro.
For pairs where your account currency is the quote, no. For others, yes — pip value depends on current quote-to-account exchange rate.
Risk = pip value × stop in pips. Or: (max risk in dollars) / (stop in pips) = target pip value. Use the position size calculator for exact lot sizing.