MMarginal
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Pip Value Calculator

Know exactly how much each pip of movement is worth in your account currency before you size a trade.

Pip size
0.0001
Pip value
$10.00

Leave the conversion rate at 1 if your account currency matches the quote currency (e.g. a USD account trading EUR/USD). For cross pairs, enter the current rate to convert the quote currency into your account currency.

Pip value tells you how much money moves in or out of your account for every pip the price travels. It's the bridge between a chart pattern — "price needs to move 30 pips to hit my target" — and an actual dollar figure you can weigh against your account size.

The calculation starts with the pip size itself: 0.0001 for most currency pairs, but 0.01 for any pair quoted in Japanese yen, since yen pairs are quoted with fewer decimal places. From there, pip value scales directly with your trade size — a 100,000-unit standard lot moves ten times as much money per pip as a 10,000-unit mini lot.

The part that trips people up is currency conversion. If your account is funded in USD and you're trading a pair quoted in USD (like EUR/USD), the math is direct. But trading a cross pair — say GBP/JPY on a USD account — means the pip value is denominated in yen and needs converting back to dollars at the current exchange rate before it means anything to your balance.

This number feeds directly into position sizing: get pip value wrong and every risk calculation downstream of it will be wrong too, even if your stop loss and risk percentage are both correct.

FAQ

What is a pip?
A pip is the smallest standardized price move for a currency pair — 0.0001 for most pairs, or 0.01 for pairs quoted in Japanese yen. It's the unit traders use to measure movement and risk consistently across pairs.
Why isn't pip value the same for every pair?
Pip value depends on the pip size, your trade size, and the exchange rate between the quote currency and your account currency. Two pairs of identical trade size can have different pip values simply because their quote currencies are worth different amounts.
Do I need this if my broker shows pip value automatically?
It's still useful to check independently, especially when planning a trade before opening your platform, comparing brokers, or sanity-checking a position size calculation that depends on the same number.