Find the US dollar value of one pip for any forex position size. Choose your pair type, enter lots and price, and the calculator handles the conversion.
What is a pip?
A pip is the standard unit of price change in forex. For most pairs it is the fourth decimal place, 0.0001. For pairs quoted in Japanese yen it is the second decimal place, 0.01. One standard lot is 100,000 units of the base currency.
Formulas (account in USD)
- USD is the quote currency (EUR/USD): pip value = pip size × units. One standard lot = 10 dollars per pip.
- USD is the base currency (USD/JPY): pip value = pip size × units ÷ price.
- Cross pair (EUR/GBP): pip value = pip size × units × USD value of the quote currency.
Worked example
One standard lot of USD/JPY at 150.00: 0.01 × 100,000 ÷ 150 = 6.67 dollars per pip.
Frequently asked questions
How much is one pip worth on EUR/USD?
About 10 US dollars per standard lot, 1 dollar per mini lot and 10 cents per micro lot.
Why is pip size different for yen pairs?
The yen has a low unit value, so yen pairs are quoted with two decimals and one pip is 0.01.
What is a standard lot?
100,000 units of the base currency. A mini lot is 10,000 and a micro lot is 1,000.
Results are estimates for education and planning. Check contract specifications and costs with your broker before you trade. Disclaimer.
