Forex Pip Value Calculator
Dollars per forex pip by pair type, lot size, and live rate.
What it does
Forex profit hides inside pip value. A 70 pip win means $700 on one lot and $7 on a micro lot, and yen pairs float with the rate while dollar quoted pairs stay fixed. Sizing without this number is guessing on margin.
The tool above computes dollars per pip from quote type, lots, and rate. Pick the pair family, enter size and rate. It returns per pip value, units, and the 10 pip move. Defaults of 1 USD-quoted lot open solved at $10.00.
Pip sizes follow quotation convention: 0.0001 for most pairs, 0.01 for yen with its two decimals. USD-quoted pairs convert to nothing because the pip already prices in dollars; yen and cross pairs divide by the live rate, so $6.67 at 150 drifts with every tick.
Lots scale everything linearly. Standard holds 100,000 base units, mini 10,000, micro 1,000, worth $10.00, $1.00, and $0.10 per pip on dollar quotes. The same 40 pip win pays $400, $40, or $4 by size alone.
Use the table to fix sizes and yen behavior, then run the trade. US retail margin rules cap majors at 50 to 1 on majors with 2 percent margin, and CFTC data shows most retail accounts lose money.
How to use
- Pick the quote type: USD, yen, or other.
- Enter lots, 1 standard, 0.1 mini, 0.01 micro.
- Enter the current rate for conversion.
- Read dollars per pip first.
- Multiply by pips moved for profit.
- Size positions from risk, not hope.
Formula
- Pip size
- 0.0001, or 0.01 when yen quotes.
- Units
- Lots times 100,000 base units.
- Rate
- Current quote for conversion to dollars.
Pip value in quote currency is pip size times trade units; divide by the rate into dollars when USD does not quote. USD-quoted pairs skip division, so 1 standard lot is always $10.00. Lots are multiples of 100,000 base units.
Worked example
Example: 1 lot EUR/USD type
1 standard lot of a USD-quoted pair like EUR/USD. Find dollars per pip.
- USD quotes the pair, so pip size is 0.0001.
- Units: 1 lot x 100,000 = 100,000.
- Pip value: 100,000 x 0.0001 = $10.00.
- No rate division needed when USD quotes.
- Ten pips move $100.00 on this lot.
- Mini 0.1 lots would move $1.00 per pip.
Reference table
| Pair type | Pip size | Per pip |
|---|---|---|
| USD-quoted (worked) | 0.0001 | $10.00 (fixed) |
| Yen-quoted at 150 | 0.01 | $6.67 (floats) |
| Mini USD-quoted | 0.0001 | $1.00 (fixed) |
Limits
- Spot convention only; CFDs vary by broker.
- Rates move; recompute live.
- Ignores spread and commission costs.
- Account currency assumed USD.
Common mistakes
- Using 0.0001 on yen pairs.
- Forgetting rate division on crosses.
- Sizing from pips instead of dollars.
- Ignoring spread costs per trade.
- Oversizing positions on small accounts.
Try it yourself
Quick checks. Answers sit tucked under each question.
1 lot USD/JPY type at 150?
100,000 x 0.01 / 150 = 1000 / 150 = $6.67 per pip, $66.67 per 10 pips.
0.1 lots USD-quoted?
10,000 x 0.0001 = $1.00 per pip, $10.00 per 10 pips.
70 pips at $6.67 on 2 lots?
70 x 6.67 x 2 = $933.80 on 2 lots.
Questions
What is a pip?
The fourth decimal (0.0001), or the second (0.01) on yen pairs. Pipettes split pips into tenths.
What are lot sizes?
100,000 units standard, 10,000 mini, 1,000 micro. Pip value scales linearly with size.
Why do yen pairs need the rate?
Pip value is 100,000 x 0.01 / rate. At 150 that is $6.67, drifting as the rate moves.
How do cross pairs work?
Pip size times units divided by rate, here (0.0001 x 100,000) / 1.085. Quote currency USD needs no division.
What margin rules apply in the US?
50 to 1 margin turns a 2% deposit into full exposure. CFTC caps US retail at 50:1 majors, and most accounts lose money.
How do pips become profit?
Pips times pip value times lots. Seventy pips at $6.67 on 2 lots is $933.80.