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EUR/DKK
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EUR/DKK Pip Value

The pip value of 1 standard lot, or 100,000 units of EUR/DKK is DKK 10.00.

The pip value of 1 mini lot, or 10,000 units of EUR/DKK is DKK 1.00.

The pip value of 1 micro lot, or 1,000 units of EUR/DKK is DKK 0.10.

The 1 pip size of EUR/DKK is 0.0001, so if the EUR/DKK price is 1.2345, the 5 represents 5 pips.

What are pips in forex?

What are pips in forex

A pip in forex means the smallest price change a currency pair can make, except for fractions of a pip or 'pipettes'. 

For most currency pairs 1 pip is 0.0001; for currency pairs with the Japanese Yen, such as USD/JPY, 1 pip is 0.01. When trading metals, 1 pip for Gold and Silver is 0.01.

When the EUR/USD moves up from 1.0925 to 1.0926, the change is 1 pip. With 5-digit pricing, if the EUR/USD moves up from 1.09255 to 1.09260, the move would be half a pip.