What is a pip calculator?

Our Pip Calculator tool displays the value per pip in your account’s base currency for all major currency pairs in various lot sizes.

How do I convert pip value to currency?

Depending on your account base currency, you would need to convert the pip value accordingly. Pip Value = (1 pip / Quote Currency Exchange Rate to Account Currency) * Lot size in units For example, the pip value of EURUSD is $10 per pip with a standard lot size and a USD account: Pip Value = (0.0001 / 1)*100000 = $10.

How does AXI Pip calculator work?

How does our pip calculator work? To calculate the value of a pip, the Axi pip calculator multiplies one pip (usually 0.0001) by the trade size (in lots), and dividing this by the real-time market rate of forex pair. The pip size is 1, that is, one pip is one AUD of the AUS200 price.

How do I use the forexchurch Pip calculator?

If you are trading a standard lot, input 100,000 or if you are trading a mini lot, simply input 10,000 - or any amount you wish! Once you input the amount you are trading or want to trade, the ForexChurch Pip Calculator will show a list of currency pairs with the pip value as well as the lot sizes for Standard, Mini, and Micro lots!