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Pip Value Calculator

Find out what one pip is worth for any trade size. Choose the pair and your account currency, enter your lot size, and see the pip value for standard, mini and micro lots.

Your trade
Advanced: pip size and contract size

Defaults: 0.0001 for most pairs, 0.01 for JPY pairs. Metals use a price step of 0.01 (gold) or 0.001 (silver) and 100 oz / 5,000 oz lots, but brokers differ, so check your broker’s contract specification.

Result
Value of 1 pip
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Value of your pips
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1 standard lot
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1 mini lot
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1 micro lot
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In quote currency
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per pip, your size

How to calculate pip value

A pip’s value depends on three things: the pip size, how many units you trade, and the exchange rate between the pair’s quote currency and your account currency.

Pip value = Pip size × Units × (value of 1 quote currency in your account currency)

Pip value cheat sheet (USD account)

Pair typeStandard lotMini lotMicro lot
xxx/USD (EUR/USD, GBP/USD, AUD/USD)$10.00$1.00$0.10
USD/JPY at 150$6.67$0.67$0.07
USD/CAD at 1.37$7.30$0.73$0.07

Worked examples at the prices shown; enter today’s price above for an exact figure.

Pips, pipettes and points

Many brokers and TradingView show prices with one extra decimal (EUR/USD 1.10005). That fifth digit is a pipette, a tenth of a pip. TradingView’s Long and Short Position tools measure in ticks, which on a five-digit price are pipettes, so 200 ticks there is 20 pips.

Size your trades with the position size calculator or check a closed trade with the profit calculator.

ChartWatch is independent and not affiliated with TradingView or any broker. These calculators use only the numbers you enter; they don’t fetch live prices. Results are estimates: spreads, commissions, swaps and your broker’s contract sizes change the real figures. This is a calculation tool, not financial advice.

FAQ

How much is a pip worth?
On pairs quoted in your account currency, such as EUR/USD in a USD account, one pip is worth 10 units of currency per standard lot, 1 per mini lot and 0.10 per micro lot. Other pairs need converting at the current exchange rate.
How do you calculate pip value for USD/JPY?
One pip on USD/JPY is 0.01. For a standard lot that's 1,000 yen per pip. Divide by the USD/JPY price to get dollars: at 150, about $6.67 per pip.
What is the difference between a pip and a pipette?
A pipette is one tenth of a pip: the fifth decimal on most pairs, or the third on JPY pairs.
Why does pip value change?
When the quote currency is not your account currency, the pip value is converted at the current exchange rate, so it moves as that rate moves.
What is a pip on gold?
There is no single standard. Many brokers quote gold to two decimals and use a 0.01 price step with 100-ounce lots, but conventions differ, so check your broker's specification.

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ChartWatch is an independent tool and is not affiliated with, endorsed by, or officially connected to TradingView, Inc. “TradingView” is a trademark of its respective owner. Exchange, broker and platform names are trademarks of their respective owners.