Pip Calculator

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Use our Pip Value Calculator to accurately calculate the pip value of several Forex, cryptocurrencies crosses and metals, using live market quotes, account base currency, lot size and traded pair.

What is a Pip Calculator

The term "Pip" is the acronym for "percentage in point” or “price interest point”. A Pip in Forex trading refers to the smallest price change a currency cross can make, except for fractions of a pip, if a broker displays the quotes in 5-digits, often called "pipettes".

In Forex trading, for most currency pairs the value of 1 pip represents a 0.0001 point movement. For currency pairs traded against the Japanese Yen, such as the USD/JPY, the value of 1 pip represents a 0.01 point movement. When trading metals, the value of 1 pip, for Gold and Silver, represents a 0.01 point movement.

As a practical example, when the EUR/USD cross moves up from 1.2158 to 1.2159, this price movement, or change is 1 pip. With a 5-digit quote, widely used by almost every FX broker, if the EUR/USD moves up from 1.21580 to 1.21585, this price increment would be half a pip (0.5 pip).

Pip values vary not only by currency cross but also by the account base currency. Traders can use our intermarket prices live feed pip calculator to easily and accurately calculate the pip values of several FX pairs, cryptocurrencies crosses and metals.

How to Use the Pip Calculator

Currency pair: Traders can select from the Major Forex crosses, Minor pairs, the most popular cryptocurrencies (BTC, ETH, LTC, Stellar and Ripple) against the USD or Gold/Silver against the USD. Let's choose, for example, the EUR/USD.

Trade size: Forex pairs are 100,000 units per 1 lot, but units per 1 lot vary on non-forex pairs. In this field there's the option of calculating the pip value based on the lots traded or the units traded. Let's choose, on our example, a trading size of a 0.10 mini lot.

Deposit currency: As pip values are different for each FX and each cryptocurrency cross and subject to the current market quote of a cross, by selecting this field, it will be possible to accurately display the pip value of the selected instrument in the trader's account base currency (from AUD to ZAR). We choose EUR as deposit currency, for our example.

Now, we hit the "Calculate" button.

The results: The pip calculator uses a market price live feed with the current interbank rate (in a 5-digit format) and it will display the current pip value based on the selected account base currency (in our example the EUR).

So, the pip value for a 0.10 lot of EUR/USD, with a market rate of 1.21580, on a trading account in EUR, is currently €0.8225. Traders should remember that pip values are always the same, independently if the market is going up or down, but can vary quickly, depending on the current market rate.

Use this Pip Calculator on Your Website

Our tools and calculators are developed and built to help the trading community to better understand the particulars that can affect their account balance and to help them on their overall trading.

Regardless if investors trade the Forex market, cryptocurrencies or any other financial instruments, our complete suite of accurate Forex tools and calculators are programmed to work with any data inputted.

By using live market data, our set of calculators allows traders to always get the most accurate results possible, and they work with most FX pairs, metals and even cryptocurrencies. Also, these great calculators are translated into 23 different languages including Arabic, Russian, Japanese and Chinese.

With an intuitive design and a user-friendly interface, these calculators can be easily integrated with any web page. The substantial advantage is that they are completely unbranded, and can be fully customizable to any color scheme and to fit the layout of any web page.

If you're a webmaster and consider that these calculators can create added value for your website on a "Tools/Calculators" section, you are free to embed them on your website.

The embedding widget can be used as it is or it can be fully configured to match your website’s colours. When you are happy with the settings, simply copy/paste the final code to embed the tool/calculator widget on your page.