GBPNOK Pip value calculator
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Use our Pip Value Calculator to accurately calculate the pip value for forex pairs, indices, crypto currencies, and more, using live market quotes, account base currency, lot size and traded pair.
What are Pips
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.
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 lot of 10,000 units (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 EUR trading account, is currently €0.8225.
Traders should note that for trading accounts in other currencies, such as GBP or AUD, pip values can vary, depending on the current market rate for the GBP/USD, or AUD/USD, for example. The following conversion formula is applied to calculate the pip value in other currencies:
The result would be:
Use this Pip Calculator on Your Website
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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.
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