Forex
Pip Value Calculator
Calculate forex pip value per pip in your account currency from the pair, lot size and conversion rate. Handles JPY pairs (0.01 pip) correctly.
Pip value (account currency)
$6.67
- Pip size
- 0.01
- Pip value (JPY)
- 1,000
JPY-quoted pairs use a pip size of 0.01; all other pairs use 0.0001.
How this is calculated
A pip is the standard smallest move of a pair: 0.0001 for most pairs and 0.01 for JPY-quoted pairs.
pip value (quote) = pip size × units. Multiply by the quote-to-account conversion rate to get the value in your account currency. A standard lot is 100,000 units, mini 10,000, micro 1,000.
We use a manual conversion rate so the tool never depends on a live feed — enter the current rate from your platform.
Frequently asked questions
- What is a pip?
- A pip is the standard smallest price move for a pair: 0.0001 for most pairs, and 0.01 for JPY-quoted pairs such as USD/JPY.
- How is pip value calculated?
- Pip value in the quote currency = pip size × units traded. Multiply by the quote-to-account conversion rate to express it in your account currency.
- How many units is a lot?
- A standard lot is 100,000 units, a mini lot is 10,000 and a micro lot is 1,000 units of the base currency.