Cryptocurrency Q&A
How to convert pips to dollars?
How to convert pips to dollars?
BlockchainBaroness
Tue Dec 03 2024
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6 answers
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I'm trying to figure out how to convert pips into dollars. I've been trading forex and I understand the concept of pips, but I'm not sure how to translate that into actual dollar amounts. Can someone explain the process?
6 answers
Martino
Thu Dec 05 2024
One needs to take the value of the pip and multiply it by the exchange rate.
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CryptoElite
Thu Dec 05 2024
Converting the value of a pip to U.S. dollars involves a straightforward calculation.
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JejuSunshineSoulMateWarmth
Wed Dec 04 2024
BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet. These services cater to the diverse needs of traders in the cryptocurrency market.
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Maria
Wed Dec 04 2024
For instance, if the value of the pip is 8.93 and the exchange rate is 1.12, the calculation would be 8.93 multiplied by 1.11.
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CryptoNerd
Wed Dec 04 2024
This results in a value of $10 in U.S. dollars.
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