What is pip value?
Pip value is how much one pip of price movement is worth in your account currency for a given position size. Knowing it lets you translate a stop-loss in pips into real dollars at risk — the foundation of every position-sizing and risk decision you make.
How to calculate pip value
Worked example: On EUR/USD one pip is 0.0001 and a standard lot is 100,000 units, so one pip = 0.0001 × 100,000 = $10 per standard lot. For 0.50 lots that's $5 per pip; a mini lot is $1; a micro lot is $0.10. For pairs not quoted in USD (e.g. USD/JPY) this calculator applies the live exchange rate automatically.
Frequently asked questions
Why is pip value different for USD/JPY or gold?
Their quote currency or contract size differs, so the dollar value of a pip is not the standard $10. This calculator fetches the live rate and uses each instrument’s contract size to give an exact figure.
What is a standard, mini and micro lot?
A standard lot is 100,000 units (1.0), a mini lot is 10,000 (0.1), and a micro lot is 1,000 (0.01). Pip value scales directly with lot size.
Is the pip value live?
Yes — for non-USD-quote instruments the value updates from live exchange rates, with a close approximation as a fallback.