How is pip value calculated?

The pip value calculation takes into account the currency pair, the lot size and your base currency (account currency). Why is it important to use the calculator? When planning your trade, it is important to understand the potential profit or loss of a trade.

How does AXI Pip calculator work?

How does our pip calculator work? To calculate the value of a pip, the Axi pip calculator multiplies one pip (usually 0.0001) by the trade size (in lots), and dividing this by the real-time market rate of forex pair. The pip size is 1, that is, one pip is one AUD of the AUS200 price.

How many pips in USDCAD?

The pip size of USDCAD is 0.0001, so with the current USDCAD price of 1.35857, the digits 57 represents 5.7 pips.

What is a PIP size?

The pip size is 1, that is, one pip is one AUD of the AUS200 price. Also, for a trade size of 5 lots, we see that for a one pip movement, position will gain or lose 2.79 GBP 1 AUD per pip per lot * 5 lots / 1.79 AUD per GBP = 2.79 GBP per pip Prices at time of calculation