| Updated: | Metric | Value |
|---|---|
| Standard Lot | $0.00 |
| Mini Lot | $0.00 |
| Micro Lot | $0.00 |
| Pip Value | $0.00 |
The Pip Value calculator estimates how much a given number of pips is worth for your trade size. It can display values for a standard lot, mini lot, micro lot, and your selected number of lots, giving you a practical way to understand “how much is one pip” in your account currency. This is especially helpful for risk planning, stop-loss sizing, and comparing instruments with different pip sizes.
What This Calculator is Used for
Pip value is a core building block of risk management: it tells you how much your profit or loss changes for each pip of movement. This calculator helps you translate a price move into money terms, which is crucial when you want to set stop losses, targets, and position size around a fixed risk limit. It is also useful when your account currency differs from the pair’s quote currency and conversion is required.
- Risk planning: estimate how much you gain or lose per pip for a chosen lot size.
- Stop-loss checks: see the money impact of a 20-pip vs 50-pip stop loss.
- Instrument comparison: compare pip value across pairs and price levels.
- Currency conversion: estimate pip value in account currency via an exchange rate.
How to Use It
Start by selecting the currency pair and entering the current price, then set your lot size and the number of pips you want to evaluate. If your account currency is not the quote currency of the pair, enter an exchange rate that converts from quote currency to account currency. The output will show pip value estimates for different lot sizes and for your chosen size.
- Select the Currency Pair.
- Enter the current Price (base→quote).
- Select your Account Currency.
- Enter the Exchange Rate (1 quote → X account) if conversion is needed.
- Enter Trade size (Lots) and the number of Pips you want to evaluate.
- Click Calculate to view standard, mini, micro, and your pip value results. Use Reset to clear inputs.
Fields Explained
This calculator uses standard forex conventions: a pip is typically 0.0001 for most pairs and 0.01 for JPY-quoted pairs. It estimates pip value using lot size, pip size, price, and conversion. If your account currency matches the quote currency, the calculation becomes simpler and often more accurate because less conversion is required.
| Field | What it means | Practical guidance |
|---|---|---|
| Currency Pair | The pair you want to evaluate (example: AUDUSD, USDJPY). | Pip size depends on the quote currency: JPY pairs typically use 0.01; most others use 0.0001. |
| Price | The current exchange rate for the pair (base→quote). | Use a current market price for best accuracy, especially for non-USD quote currencies. |
| Account Currency | The currency you want the results shown in. | If the account currency matches the quote currency, conversion is usually unnecessary. |
| Exchange Rate (1 quote → X account) | A conversion factor from quote currency into account currency. | Example: if quote is CAD and your account is USD, enter how many USD one CAD equals. |
| Trade size (Lots) | Your position size in lots. A standard lot is typically 1.00. | Use your intended size to see pip value for your real exposure. |
| Pips | The number of pips you want to evaluate (example: 1 pip, 10 pips). | Set this to your stop-loss distance to estimate potential loss amount for that stop size. |
Results Explained
The calculator outputs pip values for different common lot sizes and for your selected trade size. These values help you translate movement into money terms and quickly understand how sensitive your trade is to price changes. Use the outputs as estimates; broker contract specs and rounding can cause slight differences.
| Result | Meaning | How to interpret it |
|---|---|---|
| Standard Lot | The value of the selected pips for 1.00 lot. | Use as a baseline to understand the pip value “at full size.” |
| Mini Lot | The value of the selected pips for 0.10 lots. | Helpful for traders using smaller position sizes and for scaling in/out. |
| Micro Lot | The value of the selected pips for 0.01 lots. | Useful for very small positions and learning risk control. |
| Pip Value | The value of the selected pips for your entered lot size. | Use this to estimate stop-loss impact and target potential in account currency. |
Pros and Cons
This calculator makes pip value easy to understand and compare across instruments and lot sizes. It is great for risk planning and helps prevent the common mistake of using a stop loss without knowing the money impact. The main limitation is that the estimate depends on the price and conversion rate you enter, and broker contract specifics can vary.
Pros
- Shows pip value for standard, mini, micro, and your chosen trade size.
- Supports account-currency estimation via a quote-to-account exchange rate.
- Useful for stop-loss planning and consistent risk management.
- Helps compare sensitivity across pairs and price levels.
Cons
- Accuracy depends on the price and exchange rate you provide.
- Does not automatically account for spreads, commissions, or swaps.
- Some brokers use instrument-specific contract sizes that can slightly change pip value.
Reliability and Limitations
The calculator is most reliable when you use a current price and a realistic quote-to-account conversion rate. It works best for standard forex contracts, and it should be treated as an estimate rather than a broker statement. If you trade exotics, metals, or CFDs with non-standard tick sizing, verify pip value in your platform. For safer planning, round down position sizes and allow room for spreads and normal intraday fluctuation.
- Most reliable for: standard forex pairs, stop-loss planning, and comparing position size sensitivity.
- Less reliable for: instruments with non-standard contract specs or rapidly changing prices during news events.
- Tip: enter the most recent price available and re-check pip value if volatility spikes.