A pip (percentage in point) is the smallest standard unit of price movement in a currency pair. For most forex pairs, one pip equals 0.0001 — the fourth decimal place. For JPY pairs, one pip equals 0.01 — the second decimal place.
Understanding pip values is essential for risk management. When you know how much one pip is worth in your account currency, you can calculate your potential profit or loss before entering a trade, set accurate stop-loss levels, and size your positions properly.
For example, if you're trading 1 standard lot (100,000 units) of EUR/USD, each pip movement is worth $10. A 50-pip move in your favour means a $500 profit. A 50-pip move against you means a $500 loss. Knowing this in advance is what separates disciplined traders from gamblers.
Choose from major, minor, and exotic pairs. The calculator automatically applies the correct pip size (0.0001 or 0.01 for JPY pairs).
Standard lot = 1.0 (100,000 units), mini lot = 0.1 (10,000 units), micro lot = 0.01 (1,000 units).
Select USD, EUR, or GBP to see the pip value in your account denomination.
The calculator instantly shows the value of one pip for your specific trade setup, plus the formula used.
Common Questions
Result
Value shown in CAD. To convert to USD, divide by the current CAD/USD exchange rate.
Formula
1 × 100,000 × 0.0001 = 10.00 CAD