Pip Value Calculator
Find the value of one pip for any forex pair and position size, including JPY and cross pairs.
How to calculate pip value
A pip is the standard unit of price movement in forex. For most pairs it is the fourth decimal place (0.0001); for JPY pairs it is the second (0.01). Pip value depends on which currency the pair is quoted in:
Trading forex on TradeLocker? Our independent partner Clarity FX has a full forex pip value calculator covering major, JPY and cross pairs.
Pip value = Pip size × Units ÷ Exchange rate (when USD is the base currency)
When USD is the quote currency, as in EUR/USD, one pip on a standard lot of 100,000 units is always $10. When USD is the base currency, as in USD/JPY at 150.00, one pip is 0.01 × 100,000 ÷ 150, or about $6.67. For cross pairs, convert the pip value from the quote currency into USD.
Standard, mini and micro lots
A standard lot is 100,000 units, a mini lot is 10,000 and a micro lot is 1,000. Pip value scales with size, so a pip worth $10 on a standard lot is worth $1 on a mini lot and $0.10 on a micro lot.
Why pip value matters for risk
Pip value turns a stop loss in pips into a dollar risk. A 25-pip stop on 0.5 lots of EUR/USD risks 25 × $5 = $125. Once you know your pip value, use the position size calculator to size each trade to a fixed percentage of your account.
Track your results in pips and R
Clarity Tracking syncs your forex trades from MT4, MT5, cTrader, TradeLocker and Match Trader and shows every result in pips, money and R, so you can see which pairs and sessions actually pay.
