Forex Pip Value Calculator

FOREX · PIP VALUE

See what a one-pip move means for your position and estimate the gross result between two prices. Enter your broker’s contract specification and the correct quote-to-account conversion rate.

Enter your inputs and select Calculate pip value.

Results rounded to at most 10 decimal places. Very small nonzero values may display as zero. P&L excludes spread adjustments, commission, financing and slippage.

How to use the Forex pip calculator

Select the currency pair or choose Custom and enter its base and quote codes. Pair changes reset example prices and pip conventions; verify all inputs.
Enter account currency, position lots, units per lot and pip size. A 100,000-unit contract is an example, not a universal rule.
Enter entry and exit prices and the trade direction. When quote and account currencies differ, enter the conversion rate or request a dated reference rate.
Select Calculate and review pip value, signed movement and estimated gross P&L.

Formula and currency direction

Units = lots × contract size. Quote-currency pip value = units × pip size. Account-currency pip value = quote-currency pip value × quote-to-account conversion.

Absolute pip movement = |exit − entry| ÷ pip size. Gross P&L = (exit − entry) × units × conversion for a buy; reverse the price difference for a sell. A negative signed movement means an adverse move for the selected direction.

Worked example: EUR/USD

1. Position: 0.10 lot × 100,000 = 10,000 EUR.

2. Pip value: 10,000 × 0.0001 = $1 per pip.

3. Result: Buying at 1.1000 and exiting at 1.1010 gives 10 favorable pips and $10 gross profit in a USD account.

For USD/JPY, 10,000 units × a 0.01 pip gives 100 JPY per pip. If one JPY is hypothetically worth 0.006666666667 USD, that is about $0.6667 per pip. The rate is USD per JPY, not JPY per USD.

When this estimate is useful

Use it to compare exposure across quantities, check a trading journal calculation or understand how account currency changes pip value. It does not choose position size or determine an appropriate risk budget for you. Keep your broker’s current specification alongside the result.

Questions and limitations

Is the last price digit always one pip?

No. Fractional-pip quotes can show more digits. Conventional increments are 0.01 for JPY-quoted pairs and 0.0001 for many other Forex pairs, but this field is editable.

Why does my account need conversion?

The initial pip value is in quote currency. Conversion is required to express that amount in a different account currency. Changing currencies clears the previous conversion to prevent applying it to the wrong pair.

Can I calculate without an API?

Yes. All arithmetic runs locally. Enter your own rate. Reference rates are optional, dated and may differ from executed broker conversion. A failed request leaves manual entry available.

Is this the same as the Gold Pip calculator?

No. This workflow is for currency-pair units. Gold uses ounces per contract and broker-defined increments; use the dedicated Gold tool.