What is forex Pip calculator?

Forex Pip Calculator displays the value per pip in your account’s base currency for all major currency pairs in various lot sizes.

What is the pip value of USD/AUD?

If you are trading the USD/AUD and your account is AUD, the pip value is AUD10 (NOT USD) for a standard lot (100,000 units). When our account currency is different than the quote currency in the pair, 10 in the quote currency needs to be converted to our own account currency. This means the pip value will be different than 10.

How do I convert pip value to currency?

Depending on your account base currency, you would need to convert the pip value accordingly. Pip Value = (1 pip / Quote Currency Exchange Rate to Account Currency) * Lot size in units For example, the pip value of EURUSD is $10 per pip with a standard lot size and a USD account: Pip Value = (0.0001 / 1)*100000 = $10.

How much is a pip?

Lots of sources say a pip is $10 with a standard lot. This is only true in a specific context. It may not be $10 for your account currency or the pair you’re trading. You may be starting to see that pip values can get a little complicated. I’ll show you how to make sense of it. But first, understand that a pip calculator is your best friend.