Pip Value Calculator
Get the exact dollar value of one pip for your position. For USD-quoted pairs the rate field is ignored (leave 1). For USD-base pairs enter the pair rate itself (e.g. 150 for USD/JPY). For crosses enter the quote-currency-to-USD rate (e.g. GBP/USD for EUR/GBP). No live feed is used — you enter the rate, the math is transparent.
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How it works
Frequently asked questions
How much is one pip worth?
For pairs quoted in USD, one pip on one standard lot (100,000 units) is worth $10, one mini lot $1 and one micro lot $0.10. For other pairs the value depends on the exchange rate, which is exactly what this calculator converts for you.
Why do JPY pairs use a pip size of 0.01?
Yen pairs are quoted with two decimals instead of four, so the pip is the second decimal (0.01). On USD/JPY at 150, one pip on a standard lot is 100,000 × 0.01 ÷ 150 ≈ $6.67.
Does this calculator use live exchange rates?
No — by design. You type the current rate from your own platform, and the formula is shown in full. That keeps the result verifiable instead of depending on a hidden data feed.
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Free educational calculator. Not financial advice. Rules differ by firm — always verify exact values on your firm’s official site.