Our Pip Value Calculator will help you determine the value per pip in your trading account’s currency so that you can better manage your risk per trade. All you need is the currency your account is denominated in, the currency pair you are trading, your position size, and the exchange rate asked to calculate the pip value.
How does a pip calculator work?
How does the pip calculator work? The value of a pip is calculated by multiplying the amount of the trade in lots by one pip in decimal form, and then dividing it by the current exchange rate of the quote currency in your pair. What are pips and how do they work?
How many pips are in a lot?
The majority of currency pairs have a standard pip value of 0.0001 and are measured to four decimal places. 1 lot is 100,000 units of a currency. If you prefer to open smaller positions, you can choose to trade either mini lots (10,000 units) or even micro lots (1000 lots). How much is 0.01 Pips?
