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About Pip Value Calculator Online
This tool calculates the dollar value of one pip for any currency pair, lot size, and account currency. A pip is the smallest standard price movement in forex — usually 0.0001 of the quote currency, or 0.01 for JPY pairs.
Knowing the pip value is essential for forex risk management. The same 30-pip stop-loss on EUR/USD can represent very different dollar amounts depending on whether you trade a micro lot (1,000 units), mini lot (10,000 units), or standard lot (100,000 units). Multiply pips by pip value to get your dollar risk per trade.
Use it to size positions consistently across pairs. A trader who limits each trade to $100 of risk will need a different lot size on EUR/USD than on USD/JPY because pip values differ between pairs.
How to use this tool
How to compute the monetary value of one pip
Lot size in base units
"Lot size in base units" is the position size expressed in BASE currency units. Standard lot = 100,000 (default), Mini = 10,000, Micro = 1,000. Must be a positive number.
Pip size
"Pip size" is the price increment that defines one pip. Default 0.0001 (most pairs); JPY-quoted pairs use 0.01. Pick from your broker's spec sheet — never assume.
Conversion rate
"Conversion rate to account currency" converts pip value into your account's currency. If quote = account currency, use 1; otherwise use the current rate from quote → account.
Press Run
Result is pipValue = lotSizeUnits × pipSize × quoteRate. For a 100,000 EUR/USD long with pip 0.0001 and USD account: 100,000 × 0.0001 × 1 = $10 per pip. Negative rates aren't accepted.