What this tool does
A pip is the smallest standard price movement in a currency pair — usually 0.0001 for most pairs, or 0.01 for pairs involving the Japanese yen. The Pip Value Calculator takes your currency pair, your trade size (in lots or units), and your account currency, then tells you exactly how much money one pip of movement is worth on that position.
This matters because a one-pip move on a standard lot of EUR/USD is worth $10, while the same one-pip move on a smaller position or a different pair can be worth far less — or more. Knowing your pip value before you trade lets you size stop-losses and take-profits in real money terms instead of guessing. It is one of the most basic checks a trader should run before entering any position.
How to use it
- Select the currency pair you want to trade (for example EUR/USD or GBP/JPY).
- Enter your position size — either in lots or in raw currency units.
- Choose your account currency (the currency your balance is held in).
- The calculator converts the pip value into your account currency using the current exchange rate.
- Read the result: this is what you gain or lose for every single pip the price moves.
- Use it to set stop-loss and take-profit levels that match the amount of money you are comfortable risking.