Smarter Than Free calculator
Pip Calculator
Pip size and pip value for FX lots. You enter any conversion rate when the account currency needs one. No live FX feed.
Calculator
How is pip value calculated?
Pip value ≈ pip size × notional base units, then convert if your account currency differs. Most pairs use pip size 0.0001; JPY quotes use 0.01.
Why do I enter a conversion rate?
So the tool never pulls live FX. If the account is already in the quote currency, leave conversion at 1.
What is a pipette?
A tenth of a pip: the extra decimal you may see on a quote, so the fifth place on EUR/USD and the third on USD/JPY. Check whether your platform’s "points" mean pips or pipettes, or your stop can end up ten times off.
Why is a USD/JPY pip worth a different amount in my account?
Pip value lands in the quote currency, which is yen here. One standard lot is ¥1,000 a pip. If USD/JPY were 150, purely for illustration, that would be 1,000 ÷ 150 = $6.67 a pip. The value moves as the rate moves.
How do you size a trade from pips?
Lots = risk ÷ (stop in pips × pip value per lot). Risking $200 with a 25-pip stop at $10 a pip per standard lot is 200 ÷ 250 = 0.8 lots. Size from the stop, not from how confident you feel.
Pip value by lot size
In the quote currency, before any conversion to your account currency. Pip size 0.0001 for EUR/USD and 0.01 for USD/JPY.
| Lot | Units | EUR/USD pip | USD/JPY pip |
|---|---|---|---|
| Standard | 100,000 | $10.00 | ¥1,000 |
| Mini | 10,000 | $1.00 | ¥100 |
| Micro | 1,000 | $0.10 | ¥10 |
The formula
Most pairs: pip size = 0.0001. JPY quotes: pip size = 0.01 Pip value in quote currency ≈ pip size × notional base units Standard lot = 100,000 base; mini = 10,000; micro = 1,000 If account currency differs, convert with a rate you enter (no live feed).
Worked example
EUR/USD, 1 standard lot. Pip size 0.0001. Pip value ≈ $10 per pip.
Move of 25 pips ≈ $250 before conversion to your account currency.
Methodology
How it calculates
- Pip value from pip size and notional. Conversion to account currency uses only the rate you type.
Formula
Most pairs: pip size = 0.0001. JPY quotes: pip size = 0.01 Pip value in quote currency ≈ pip size × notional base units Standard lot = 100,000 base; mini = 10,000; micro = 1,000 If account currency differs, convert with a rate you enter (no live feed).
Assumptions
- No live FX feed. If the account is already in the quote currency, leave conversion at 1.
Edge cases
- Most pairs use pip size 0.0001; JPY quotes typically use 0.01.
Sources
None. Pure maths; no external rate or spec feed.
FAQ
Why do I have to enter a conversion rate?
So we never pull live market data. If your account is already in the quote currency, leave conversion at 1.
Not financial advice. This calculator is for education only. Double-check results before you make money decisions. Past moves do not predict future ones.