Pip Value
Pip value
What one pip is actually worth
Translate pips into money. Pick a lot size and quote currency to see the cash value of a single pip — and what your stop-loss costs if it's hit.
Inputs
Your position
Results
Pip value
Value per pip$10
Contract size100,000 units
Pip size0.0001
Cost if stop is hit−$200
How it works
The maths
Pip value is simply the contract size multiplied by the pip increment, converted into your account currency when the quote currency differs.
units = lot units × lots pip size = 0.0001 (0.01 for JPY pairs) pip value = units × pip size ÷ conversion rate
FAQ
Pip value — frequently asked questions
A pip is the standard smallest price move for a currency pair — 0.0001 for most pairs, and 0.01 for pairs quoted in Japanese yen. It is the unit traders use to measure stop distance and profit.
Related
Other calculators
Learn the concept
What is a pip?
A pip is the smallest standard price move in a currency pair. Learn what a pip is worth, how to calculate pip value, and how pips differ on JPY pairs.
Educational tool. Not financial advice. More tools