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Any Pair, Any Lot Size, Instantly
Work out exactly what one pip is worth on any forex pair, gold or silver for your lot size and account currency. Free, instant, and built for traders who size the risk before they click buy.
Pick your pair, enter your lot size, and see what 1 pip, 10 pips and 100 pips are worth in your account currency.
Calculate the pip value for any forex pair or metal based on your lot size and account currency. Know your risk per pip before you enter a trade.
| Pair | Pip Value | Contract Size |
|---|---|---|
| EUR/USD | $10.00 | 100,000 units |
| GBP/USD | $10.00 | 100,000 units |
| USD/JPY | $6.50 | 100,000 units |
| USD/CHF | $11.20 | 100,000 units |
| AUD/USD | $10.00 | 100,000 units |
| XAU/USD (Gold) | $1.00 | 100 oz |
Pip values are approximate and based on standard contract specifications and current exchange rates. Actual values vary by broker, so always verify before placing a trade.
Three steps to know what every pip is worth before you place the trade.
Choose from majors, minors or metals in the dropdown. Every instrument carries its own pip size: the fourth decimal for most pairs, the second decimal for yen pairs, and a $0.01 tick for XAU/USD.
Type your lot size or tap one of the presets from 0.01 to 2.00. A standard lot is 100,000 units of the base currency, a mini lot is 0.10 and a micro lot is 0.01.
The calculator returns the value of 1, 10 and 100 pips along with your total contract size. Multiply the pip value by your stop loss distance to see the exact cash at risk on the trade.
What a pip actually is, how its value is calculated, and why it decides your position size.
A pip is the standard unit of price movement in the forex market. For most currency pairs it is the fourth decimal place, so EUR/USD moving from 1.0850 to 1.0851 is one pip. For pairs quoted in Japanese yen the pip is the second decimal, so USD/JPY moving from 149.20 to 149.21 is one pip. For XAU/USD most brokers treat a $0.01 move in the gold price as one pip.
The formula is Pip Value = Pip Size x Contract Size x Lot Size. A standard lot is 100,000 units of the base currency, so on a US dollar quoted major such as EUR/USD the maths is 0.0001 x 100,000 = $10 per pip for one standard lot. That becomes $1 per pip on a mini lot (0.10) and $0.10 per pip on a micro lot (0.01). When the US dollar is not the quote currency the result has to be converted into your account currency, which is why pairs like USD/JPY and USD/CHF show a different figure.
Pip value is the bridge between a chart and your account balance. A 30-pip stop loss means nothing until you know whether it costs $3 or $300. Once you know the pip value for your lot size you can set positions that keep the loss on any single trade inside the 1-2% of capital most professional traders accept, and you can compare risk fairly across pairs that move at very different speeds.
| Pair | Pip Size | Pip Value (1 Lot) | 100 Pips (1 Lot) |
|---|---|---|---|
| EUR/USD | 0.0001 | $10.00 | $1,000 |
| GBP/USD | 0.0001 | $10.00 | $1,000 |
| USD/JPY | 0.01 | ~$6.60 | ~$660 |
| USD/CHF | 0.0001 | ~$11.20 | ~$1,120 |
| AUD/USD | 0.0001 | $10.00 | $1,000 |
| XAU/USD | 0.01 | $1.00 | $100 |
| XAG/USD | 0.001 | $5.00 | $500 |
Practical rules for turning pip values into position sizes and controlled risk.
Decide the cash amount you are willing to lose first, then divide it by (stop loss in pips x pip value per lot) to get your lot size. Risking 1-2% of the account on a single trade is the standard professional range.
Pairs where the US dollar is the quote currency, such as EUR/USD and AUD/USD, sit at a clean $10 per pip per standard lot. USD/JPY, USD/CHF and USD/CAD move with the exchange rate, so check the value instead of assuming $10.
A 40-pip stop against an 80-pip target is a 1:2 risk to reward ratio. At 1:2 you only need to be right on roughly a third of your trades to break even before costs, which is why the ratio deserves as much attention as the entry.
A 50-pip stop is wide on EUR/GBP and tight on GBP/JPY or gold. Check the average daily range of the instrument before you set a stop, then let the pip value translate that distance into money.
Many brokers quote one extra decimal, so a point or pipette is one tenth of a pip: 10 points equals 1 pip on a five-decimal EUR/USD feed. Confirm which unit your platform is showing before you type a stop loss.
Every United Kings signal arrives with a defined entry, stop loss and take profit. Measure the pip distance to the stop, run it through this calculator, and you will know the exact risk of the trade before you take it.
Common questions about pip value and how to use the pip calculator.
Multiply the pip size by the contract size and then by your lot size. For a US dollar quoted major the pip size is 0.0001 and a standard lot is 100,000 units, so 0.0001 x 100,000 x 1.00 = $10 per pip. The same trade at 0.10 lots is $1 per pip, and at 0.01 lots it is $0.10 per pip.
On a standard lot of 100,000 units of a pair quoted in US dollars, such as EUR/USD, GBP/USD or AUD/USD, one pip is worth about $10 on a US dollar account. A mini lot (0.10) is about $1 per pip and a micro lot (0.01) is about $0.10 per pip. Pairs that are not quoted in US dollars need a conversion, so their pip value shifts with the exchange rate.
For pairs quoted in Japanese yen the pip is the second decimal place rather than the fourth, so USD/JPY moving from 149.20 to 149.21 is one pip. Because that value is earned in yen and converted back to your account currency, one pip on a standard lot is not a fixed $10. It moves with the USD/JPY rate and usually sits nearer $6 to $7.
Most brokers treat a $0.01 move in the gold price as one pip, and a standard gold contract is 100 troy ounces, so one pip is worth about $1.00 per standard lot. Some brokers instead define a pip as a $0.10 move, which makes it roughly $10 per standard lot. Always confirm the contract specification before you size a gold trade.
Yes. The pip value is earned in the quote currency and then converted into the currency your account is denominated in, so a EUR or GBP account will see a different figure from a US dollar account on the same trade. Exchange rates move constantly, so treat the output as a close estimate rather than an exact broker statement.
Take the entry and stop loss from the signal and measure the distance between them in pips. Enter the pair and your intended lot size here to get the value of one pip, then multiply it by that pip distance to see the cash at risk. If the number is bigger than the 1-2% you planned to risk, reduce the lot size before you place the trade.
A pip calculator answers the one question that turns a chart into a trading decision: how much money is each unit of price movement actually worth? A pip, short for percentage in point, is the standard increment used to measure movement in the forex market, and for the majority of currency pairs it is the fourth decimal place. A move on EUR/USD from 1.0850 to 1.0860 is ten pips. Until you attach a lot size to those ten pips, they are only a number on a screen.
The pip value formula itself is simple: Pip Size x Contract Size x Lot Size. A standard lot is 100,000 units of the base currency, a mini lot is 0.10 of that and a micro lot is 0.01. Run a standard lot of EUR/USD through the formula and you get 0.0001 x 100,000 = $10 per pip, which falls to $1 per pip on a mini lot and $0.10 per pip on a micro lot. That clean $10 figure holds for any major quoted in US dollars on a US dollar account, which is why EUR/USD, GBP/USD and AUD/USD are so often used as the reference point for position sizing.
Two groups of instruments break the $10 rule and are worth checking every time. Yen pairs use the second decimal as the pip, and because that value is earned in yen and converted back, one pip on a standard USD/JPY lot usually lands closer to $6 or $7 than to $10. Metals work differently again: XAU/USD is quoted with a $0.01 tick and a standard contract is 100 troy ounces, so most brokers price one pip at about $1.00 per standard lot. Gold routinely covers several hundred pips in a single session, which means the cash swing per trade is far larger than that small pip value suggests.
Knowing your pip value is only half of risk management; the other half is applying it on every trade. Calculate the cash value of your stop loss before each entry, keep the risk on a single position inside the 1-2% of account balance that most professional traders use, and accept that losing trades are a normal part of any strategy. United Kings publishes forex and gold signals with defined entry, stop loss and take profit levels to a community of more than 13,000 traders on Telegram, so you can pair this calculator with a clear trade plan. Trading leveraged products carries substantial risk, and you should never risk capital you cannot afford to lose.