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FREE PIP VALUE CALCULATOR
See what one pip is actually worth.
Start with units and pip size, convert the quote currency into your account currency, and then add a risk budget if you want to size a fictional trade. The working stays visible as you change the inputs.
PIP VALUE WORKBENCH
Follow one pip into your account.
Pick a pip convention and position size, then make the currency conversion explicit. Add a stop and risk budget only when you want a position-size example too.
EUR/USD EXAMPLE
100,000 unitsOne pip is USD 10.
HOW LOT SIZE CHANGES ONE PIP
Ten times the units means ten times the pip value.
MicroUSD 0.1
MiniUSD 1
StandardUSD 10
SHOW THE WORKING
The calculation, line by line
- Quote-currency pip value
100,000 units × 0.0001 = USD 10 per pip - Account-currency pip value
USD 10 × 1 USD per USD = USD 10 per pip - Cash risk budget
USD 10,000 × 1% = USD 100 - Risk-sized units
USD 100 ÷ (25 pips × 0.0001 × 1) = 40,000 units
Displayed values are rounded for readability. Every formula uses the original, unrounded inputs.
Why the number moves
Pip value grows in direct proportion to position size. When the quote currency and account currency differ, it also moves with their exchange rate. The rate here is manual and can become stale, so check the current conversion and the exact symbol contract in MT4, MT5, TradingView or your broker before relying on a position-size result.
POSITION UNITS
micro 1,000 → mini 10,000 → standard 100,000A “lot” is a position-size shorthand. The underlying unit count is what makes the pip-value calculation work.
QUOTE-CURRENCY VALUE
units × pip size = quote currency per pipA 100,000-unit EUR/USD position at 0.0001 produces USD 10 per pip before any account-currency conversion.
ACCOUNT-CURRENCY VALUE
quote pip value × account per quote = account pip valueThe direction is quote currency → account currency. If 1 JPY equals 0.0052 GBP, multiply a JPY pip value by 0.0052 to express it in GBP.
RISK-SIZED UNITS
cash risk ÷ (stop pips × account value per pip per unit)The mathematical result can include partial units. A broker may require a different minimum size or lot step, so round only after checking the symbol specification.
Pip value without the mystery.
What is the basic forex pip-value formula?
For a position measured in base-currency units, pip value in the quote currency is position units multiplied by pip size. If the account uses another currency, multiply that result by the amount of account currency equal to one unit of quote currency.
Why does pip value change with lot size?
Pip value scales directly with position units. A standard lot has ten times the units of a mini lot, so one pip is worth ten times as much when every other input stays the same.
Why can pip value change in a different account currency?
The quote-currency pip value must be converted into the account currency. When that exchange rate moves, the account-currency value of one pip moves too.
Is the risk-sized result ready to place as an order?
No. It is a mathematical example before broker rounding. Check the current conversion rate, symbol contract, minimum size, lot step and any platform-specific pip or tick convention before placing an order.