Softonic

Forex Pip Calculator

Step 1 / 3 Pip value (quote currency)
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A pip on EUR/USD is not worth the same as a pip on USD/JPY, and neither is worth the same on a standard lot versus a micro lot. This calculator converts 1 pip into the quote currency of the pair, so you can size positions and set stop-loss distances in money rather than in abstract decimals.

How pip value is calculated

  1. 1

    Pick the currency pair

    Major and JPY-quote pairs use different pip sizes (0.0001 vs 0.01).

  2. 2

    Choose a lot size

    Standard lot = 100,000 units, mini = 10,000, micro = 1,000, nano = 100.

  3. 3

    Convert to your account currency

    The result is in the pair's quote currency. Multiply it by the current exchange rate to get the value in your account currency.

  4. 4

    Read pip value

    Output is money per pip: multiply by your stop distance for risk in cash.

Formula

For a pair XXX/YYY where YYY is the quote currency:

pip value (in YYY) = pip size × lot size

If your account is funded in a different currency ZZZ, convert via the current YYY/ZZZ rate:

pip value (in ZZZ) = pip value (in YYY) × (YYY → ZZZ rate)

Pip size

Pair type Pip size Example
Most majors (EUR/USD) 0.0001 1 pip move: 1.0820 → 1.0821
JPY quote (USD/JPY) 0.01 1 pip move: 151.20 → 151.21
Fractional (4 → 5 decimals) 0.00001 “Pipette”, 10 pipettes = 1 pip

Pip value by lot: EUR/USD

Lot size Units Pip value
Standard (1.0) 100,000 $10.00
Mini (0.1) 10,000 $1.00
Micro (0.01) 1,000 $0.10
Nano (0.001) 100 $0.01

Risk-check rule of thumb

If you risk 1% of a $10,000 account ($100) on a trade with a 20 pip stop, your pip value must be $100 / 20 = $5 per pip. On EUR/USD that is 0.5 lots (half a standard lot). Size down if the number feels large.

Frequently Asked Questions

Yen pairs quote to two decimals, so 1 pip is 0.01 JPY, not 0.0001. The pip value is then divided by the USD/JPY rate to get dollars, which for a standard lot lands near $6–$7 instead of $10.

Not always. Many platforms show a fifth decimal (“pipette”) and call that a point. 10 pipettes equal 1 pip on most majors.

Divide your dollar risk by your stop distance in pips, then divide by pip value per standard lot. Example: $200 risk / 25 pips / $10 per pip = 0.8 lots.

No. The values you enter are used only for the calculation: they are sent to our servers and, in the multi-step view, included in the page link. They are not stored or logged.

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