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Pip Value Calculator

Turn a forex price move into a monetary value.
Know what every pip is worth before the trade.

  • 100% Free
  • No Signup
  • Works Everywhere
Currency PairEUR/USD
Position Units100,000 units
Pip Size0.0001
Value Per Pip$10.00
1

Enter your forex position

Pair & Position

Pip Move

Account Conversion

No conversion needed: USD is the quote currency and account currency.

How it works

1. Set position units

Position amount is multiplied by the selected lot type.

2. Calculate one pip

Units are multiplied by the pair's standard pip size.

3. Convert the value

Convert from quote currency when the account currency differs.

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Transparent formula

How pip value is calculated

The raw pip value is first calculated in the quote currency, then converted into the selected account currency when required.

1

Calculate position units

Units = position amount × contract size

1.00 × 100,000 = 100,000 units

2

Calculate quote pip value

Quote pip value = units × pip size

100,000 × 0.0001 = 10 USD

3

Convert when required

Multiply quote/account or divide account/quote

No conversion when account currency equals quote currency

4

Value the selected move

Total value = pip value × number of pips

$10 × 10 pips = $100

This preview does not fetch live exchange rates. Enter the correct conversion rate and direction when the account currency differs from the quote currency.

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Common Questions

What is one pip?

For most forex pairs one pip is 0.0001. For pairs where JPY is the quote currency, one pip is commonly 0.01.

Why is the raw value in the quote currency?

The pair's price increment is denominated in the quote currency, so units multiplied by pip size produces a quote-currency value first.

Which conversion direction should I use?

Multiply when the rate is quote/account. Divide when the rate is account/quote. The calculator labels both directions using the selected currencies.

Does this include trading costs?

No. Spread, commission, swaps and slippage are separate from the pip-value calculation.