Our trader’s calculator is a time-saving and practical tool for risk management.
Enter your options for the currency your account is denominated in, the currency pair you are trading, your position size and the exchange rate asked to calculate the pip value.
The calculation examples below will help you understand how automated calculations work.
A pip stands for percentage in points, and it is the most common increment of currencies. It is the last decimal place of a quotation and helps you assess your profit or loss (e.g. if the EUR/USD moves from 1.2250 to 1.2251, it means 1 pip).
Each currency has its own value this is why it’s important to calculate the pip value for a particular currency. Don’t forget that with currencies where the US dollar is quoted first, the calculation follows a certain rule.
Here are some examples for calculating pips.
For USD/JPY, 1 pip would be .01: