Video: How to Calculate Pip Value in Forex
A Pip in Forex is the smallest incremental price move of a currency pair. It’s the last decimal point in exchange rates or currency pairs. Depending on the context, this is normally one basis point 0.0001 in the case of all the pairs XXX/USD and .01 in the case of all the pairs XXX/JPY.
Part of our multimedia library, learn in this video how to calculate the pip (the short abbreviation for “percentage in point”) value in Forex.