How much is one pip worth on EUR/USD?

On EUR/USD a pip is 0.0001. With a standard lot of 100,000 euros, one pip is worth 10 US dollars, 1 dollar on a 0.10 lot and 0.10 dollars on a 0.01 lot. In a non-USD account, convert that at the current rate.

Why is a pip 0.01 on yen pairs?

Pairs quoted in Japanese yen, such as USD/JPY, are priced with two or three decimals, so one pip is 0.01 instead of 0.0001.

Forex pip value calculator

Find out what one pip is worth in your account currency, for your lot size, on major and cross pairs. Everything is calculated in your browser.

Your trade

Account currency

Currency pair

Position size (lots)

Price move (pips)

Pair price

Filled in from daily reference rates. Type your broker's price for exact figures.

Contract size

Contract size (units per 1 lot)

100,000 is the common standard lot. Check your broker's contract specs.

Loading reference rates…

How pip value is calculated

Pip value = pip size × units traded, in the pair's second (quote) currency. A pip is 0.0001 on most pairs and 0.01 on yen pairs.

Example: 1 lot of EUR/USD is 100,000 euros. 0.0001 × 100,000 = 10 US dollars per pip. In a euro account at a price of 1.1200, that's 10 ÷ 1.12 = about 8.93 euros.

If your account currency is neither currency in the pair (for example GBP/JPY in a US-dollar account), the pip value is converted at the current rate between the quote currency and your account currency.

Spreads, commission and overnight financing aren't included. Pip value changes as prices move, so recheck it before each trade.

Next: size a trade to your risk with the position size calculator, or check live EUR/USD and GBP/USD prices.