Choose a currency pair, your account currency and a position size to see what one pip is worth.
A pip is the standard small step in a currency price. For most pairs it is the fourth decimal place, 0.0001, so a move of EUR/USD from 1.0800 to 1.0801 is one pip. For pairs that quote the Japanese yen it is the second decimal place, 0.01. Traders count profit, loss and stop distance in pips, which makes results comparable across pairs and prices.
The value of one pip depends on the position size. It equals the pip size multiplied by the number of units. A standard lot is 100,000 units, so one pip on a standard lot of EUR/USD is 0.0001 × 100,000, which is 10 USD. That value is in the quote currency of the pair, here US dollars. If your account is in another currency, the value is converted at the current exchange rate, and the calculator does that for you.
A standard lot is 100,000 units of the base currency, a mini lot is 10,000, and a micro lot is 1,000. For a pair quoted in US dollars, a pip is worth about 10 USD per standard lot, 1 USD per mini lot, and 0.10 USD per micro lot. Use the table to compare the three at a glance, and the number of pips box to see what a particular move would be worth.
A pip is the smallest standard price move for a pair. It is 0.0001 for most pairs and 0.01 for pairs with the Japanese yen as the quote currency.
It depends on the pair and position size. For a pair quoted in US dollars, one pip is worth 10 USD on a standard lot, 1 USD on a mini lot and 0.10 USD on a micro lot.
Multiply the pip size by the position size in units to get the value in the quote currency, then convert it to your account currency.
A pipette is a tenth of a pip, the fifth decimal place on most pairs. Many brokers quote prices to that precision.
When the quote currency is not your account currency, the value is converted at the current exchange rate, so it moves with the market.
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