How do I calculate pip value?

Our Pip Value Calculator will help you determine the value per pip in your trading account’s currency so that you can better manage your risk per trade. All you need is the currency your account is denominated in, the currency pair you are trading, your position size, and the exchange rate asked to calculate the pip value.

What is the Pips size of AUDUSD?

The pip size of AUDUSD is 0.0001, so with the current AUDUSD price of 0.6665, the digits 5 represents 5.0 pips.

What does Pip mean in currency?

Pip stands for “ percentage in point ” or “ price interest point ”. A pip is the smallest value change in a currency pair’s exchange rate. For most currency pairs, a pip is a movement in the fourth decimal place (0.0001), but there are some exceptions like Japanese yen pairs where the movement is in the second decimal place (0.01).

How do pips work?

The pip scales in direct proportion to the trade size – so a 2 lot trade will have twice the value per pip as a 1 lot trade. We quote currency pairs by "5, 3 and 2" decimal places – also known as fractional pips or pipettes. If GBP/USD moves from 1.51542 to 1.51552, that .00010 USD move higher is one pip.