Forex Pip Value Calculator
Enter your lot size and the pair type. Get the dollar value of a single pip so you can size positions and place stops with your real risk in view.
Free tool · No sign-up · Updated July 2026
Advanced — size by risk
Pip value
Estimates for planning only — verify against your broker. Nothing here is financial advice.
How the forex pip value calculator works
A pip is the standard unit of price movement in forex — the fourth decimal on most pairs, the second on yen pairs. But a pip only becomes meaningful once you know what it's worth in dollars for your position, and that depends on your lot size. This calculator turns lots into per-pip value so your stops translate into real money.
- One pip is 0.0001 for most pairs, or 0.01 for pairs quoted in Japanese yen.
- Pip value = pip size × units traded, adjusted by the quote-currency exchange rate (1.0 for USD-quoted pairs).
- A standard lot is 100,000 units, a mini lot 10,000, and a micro lot 1,000 — so pip values scale straight down the ladder.
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Learn the fundamentals
Go beyond the numbers. These free TradeOlogy Academy lessons cover the theory behind this calculator.
Market Foundations
How currency pairs are quoted and why a pip is the unit forex risk is measured in.
Read the lesson ↗ Academy lessonPosition Sizing Deep Dive
Turn pip value into a lot size that risks a fixed percentage of your account.
Read the lesson ↗ Academy lessonRisk Management Foundations
The risk principles that apply to forex just as much as stocks or futures.
Read the lesson ↗Related calculators
Forex Pip Value Calculator — FAQ
How much is one pip worth?
For USD-quoted pairs, one pip is about $10 on a standard lot (100,000 units), $1 on a mini lot, and $0.10 on a micro lot. For cross pairs it depends on the quote currency's exchange rate, which you can enter here.
What's the difference between a pip and a pipette?
A pip is the fourth decimal place (or second on yen pairs); a pipette is the fifth decimal (or third), one-tenth of a pip. Most brokers quote fractional pips (pipettes) for tighter pricing, but risk and stops are still counted in whole pips.
How do I use pip value for position sizing?
Decide your dollar risk (account × risk %), then divide by (stop in pips × pip value) to get the lots to trade. Combine this calculator with the position size calculator to keep every forex trade to the same fixed risk.