SejongWisdomKeeper
Sun Aug 18 2024
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6 answers
1093
How much is 50 pips worth in dollars?
Could you please clarify for me the exact monetary value of 50 pips, in terms of dollars? I understand that pips are used as a measurement of change in currency pairs in the foreign exchange market, but I'm struggling to convert this figure into a dollar amount. Is there a standard way to calculate the worth of pips, or does it vary depending on the currency pair and market conditions? Any insight you can provide would be greatly appreciated.
