What one pip is worth on your position.
Educational tool only — not financial advice. Verify figures with your broker.
The Pip Value Calculator is a costing tool that tells you what a one-pip move is worth in US dollars on a given position. It answers the everyday question: if price moves one pip in my favour or against me, how much money is that on this trade size?
Pip value = (one pip ÷ exchange rate) × position size in units. For a pair quoted in USD, one standard lot (100,000 units) with a pip of 0.0001 is worth $10 per pip; a mini lot $1; a micro lot $0.10. When the quote currency is not USD, the raw pip value is divided by the USD conversion rate.
For a USD-quoted pair, roughly $10 per pip on a standard lot, $1 on a mini lot and $0.10 on a micro lot. This forex pip calculator adjusts that figure for your exact lot size and, where needed, the quote-currency exchange rate.
A pip is the standard smallest price increment for most pairs — the fourth decimal place (0.0001), or the second decimal (0.01) for JPY pairs. Pip value converts that price move into money for your specific position.
Because pip value depends on the quote currency and the current exchange rate used to convert back to USD. Pairs not quoted in USD need a conversion, so their pip value shifts as that rate moves.
Keep in mind: This is the value of a single pip at the moment's exchange rate only — it does not include spread, commission, swap, or slippage, and the converted value changes as the underlying exchange rate moves.