Calculate the exact monetary value of one pip for any currency pair and lot size. Essential for position sizing and risk management.
Pip Value = Pip Size × Contract Size × Lots × USD Rate
Example: EUR/USD 1 lot: 0.0001 × 100,000 × 1 = $10.00 per pip
A pip (percentage in point) is the smallest standard price move in forex. For most pairs it's the 4th decimal place (0.0001). For JPY pairs it's the 2nd decimal (0.01).
Pip value = pip size × contract size × exchange rate × lots. For EUR/USD at 1 standard lot, one pip = 0.0001 × 100,000 × 1.0 = $10.
Yes. A micro lot (0.01) has a pip value of $0.10 for EUR/USD, a mini lot (0.10) is $1.00, and a standard lot (1.00) is $10.00.
For gold, 1 pip = $0.01 move. With a contract size of 100 oz at 1 lot, pip value = $1.00 per pip.
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Calculator results are estimates only — not financial advice. Trading involves significant risk of loss. Full risk disclosure.
Pip Value (USD)
$10.00
per 1-pip move
Pip size
0.0001
Units
100,000
$/pip per lot
$10.00
Spread Cost
−$12.00
cost to open position (1.2 pip spread × 1.00 lots)
−$24.00
round-trip (open + close)
Pip Value by Lot Size — EUR/USD
| Lots | $/pip |
|---|---|
| 0.01 | $0.10 |
| 0.10 | $1.00 |
| 0.50 | $5.00 |
| 1.00← current | $10.00 |
Click any row to select that lot size
EUR/USD — Typical Daily Range
ModerateATR (20-day)
~80 pips
≈ $800.00 at 1.00 lots
Day Trade SL
20–32 pips
25–40% of ATR
Swing SL
40–60 pips
50–75% of ATR
Most liquid pair — tightest spreads. Indicative 20-day ATR — volatility rises sharply during NFP, CPI and central bank events.
Broker Cost Comparison — EUR/USD · 1.00 lots (round-trip)
| Broker Type | Spread | Round-trip Cost |
|---|---|---|
| ECN / Raw Best overall for active traders | 0.1 pip + $3.5/lot | −$8.00 |
| STP / Zero Comm Good for low-frequency traders | 1.1 pip | −$11.00 |
| Market Maker Convenient, wider spread | 1.7 pip | −$17.00 |
| High-cost MM Avoid for frequent trading | 2.5 pip | −$25.00 |
Indicative typical spreads. Round-trip = open spread + 2× commission. Actual rates vary by broker and market conditions.
Pip Value Across All Pairs — 1.00 lots
Sorted by pip value descending. Click any row to select that pair. ECN commission = $3.50/lot.
Formula: pip size × contract size × lots × USD conversion rate