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Manage your risk per trade with our FXTM pip-size calculator. Use our simple yet powerful tool to work out your exact pip risk-to-reward ratio for each trade.
TRADING TOOLS
Forex Pip Calculator
Find out the value of pips for the currency pair you are trading
Pip Calculator
$1000
Main Currencies
INSTRUMENT | RATE |
AUDUSD | 0.65813 |
CHFJPY | 174.229 |
EURCHF | 0.93816 |
EURGBP | 0.82941 |
EURJPY | 163.546 |
EURUSD | 1.07167 |
GBPCHF | 1.13053 |
GBPJPY | 197.097 |
GBPUSD | 1.29177 |
USDCAD | 1.39099 |
USDCHF | 0.87535 |
USDJPY | 152.602 |
XAGUSD | 31.281 |
XAUUSD | 2684.5 |
Pip calculators explained
'Pip' stands for 'point in percentage' and measures the movement in the exchange rate between the two currencies.
So, how do I find a pip? Here's how...
In most forex currency pairs, one pip is on the 4th decimal place of the Forex pair (0.0001), meaning it's equivalent to 1/100 of 1%. For JPY pairs, one pip is on the 2nd decimal place of the Forex pair, so the second digit after the decimal point is the pip.
Using these small units to measure price movement can also protect inexperienced traders from big losses. A fractional pip or 'pipette' is 1/10th of the value of a standard pip and can give you tighter spreads and a better understanding of a currency's price movements.
For pairs without JPY, one pipette is on the 5th decimal place of the Forex pair.
For JPY pairs, one pip is on the 2nd decimal place of the Forex pair.
What is a pip’s worth?
Still not sure what the true value of a pip is? Learn more by watching this short video.
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FREQUENTLY ASKED QUESTIONS
The majority of currency pairs have a standard pip value of 0.0001 and are measured to five decimal places. 1 lot is 100,000 units of a currency. If you prefer to open smaller positions, you can choose to trade either mini lots (10,000 units) or even micro lots (1000 lots).
This completely depends on the currency pair that you are trading. If you’re trading the EURUSD, a pip is worth 0.0001, while with the USD/JPY a PIP is worth 0.01. That's why we’ve created our pip calculator above so you can see the true value of a pip – whatever the amount – in seconds.
This also depends on your currency pair. Scroll up to our calculator now and enter your pair, pip amount and lot size to understand just how much 50 pips are worth.
Lots are measured in units of currency, not by pips (i.e., how the exchange rate moves between the currency pair). A lot is 100,000 units.
This varies based on the currency pair and your account type, which you can learn more about here. If your broker offers you leverage, your buying power is increased so you could buy even more of an asset and therefore larger lots. While this can boost your potential profits, your losses are greater too.
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