How do you calculate pip value?

Multiply the position size in units by the pip size, then convert the result to dollars. For a pair quoted in dollars, such as EURUSD, one standard lot of 100,000 units times 0.0001 gives $10 per pip. For pairs where the dollar is the base currency, divide by the price. For crosses, multiply by what one unit of the quote currency is worth in dollars.

How much is a pip worth on a standard, mini and micro lot?

On a pair quoted in dollars, a standard lot (100,000 units) is worth $10 per pip, a mini lot (10,000 units) is worth $1 and a micro lot (1,000 units) is worth $0.10. Other pairs differ because the pip is worth a different amount once converted to dollars, which is why the pair matters.

Why is a pip different on yen pairs?

Yen pairs are quoted with two decimals instead of four, so a pip is 0.01 rather than 0.0001. One standard lot moves 1,000 yen per pip. In dollars that is about $6.67 when USDJPY is at 150, and it changes as the price changes.

Why does the calculator ask for a quote currency rate on cross pairs?

A pip on EURGBP is worth pounds, not dollars. To show it in dollars the calculator needs the current value of one pound in dollars. The default is an indicative rate. Replace it with the live GBPUSD price for an exact figure.

Does pip value change during the day?

For pairs quoted in dollars it never changes. For pairs where the dollar is the base currency, and for crosses, it moves slightly with the exchange rate. The change is small, but it is the reason to use the price from your platform when you size a trade.

Is this pip value calculator free?

Yes. It is free to use with no sign-up. Pick a pair and a lot size and the pip value shows instantly.

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Free ToolUpdated October 5, 2026

Pip Value Calculator

Find out what one pip is worth in dollars for any forex major or cross, at any lot size. Pip value is what turns a price move into profit or loss, so it is the number behind every stop-loss and every position size.

Currency pair

Velotrade leverage on EURUSD: 50x in the challenge, 30x when funded. 1 lot = 100,000 EUR.

Position size in lots

EURUSD price

Prices are examples. Replace them with the live price from your platform.

One pip on EURUSD0.0001

Value of one pip

$10.00

Per 1.00 lot: $10.00

10 pips

$100.00

100 pips

$1,000.00

One tenth of a pip

$1.00

a pipette

Position value

$109,000

notional, in dollars

Pip values are in US dollars, the account currency on a Velotrade account. For the exact value on a trade, use the price and rate from your platform at the time you enter.

Trade EUR/USD on a $5K evaluation· $54

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Next: Forex profit calculatorPips, profit or loss, commission and swap for a forex trade.Next: Lot size calculatorThe forex lot size that risks exactly the amount you choose.

How to use this calculator

Pick the pair

Choose from 28 majors and crosses. The calculator knows that yen pairs use the second decimal as a pip and every other pair uses the fourth.

Set your lots

Enter a lot size or tap standard, mini or micro. One standard lot is 100,000 units of the base currency.

Read the pip value

You get the dollar value of one pip, plus 10 pips, 100 pips and the position value. Cross pairs ask for the quote currency in dollars.

What these numbers mean

Pip: The standard unit of price movement. For most pairs it is the fourth decimal place (0.0001). On yen pairs it is the second decimal place (0.01).

Pip value: What a one-pip move is worth in your account currency for the position you hold. It scales with lot size.

Pipette: One tenth of a pip. Many platforms quote prices to a fifth decimal, and that last digit is a pipette.

Lot: A standard lot is 100,000 units of the base currency, a mini lot is 10,000 and a micro lot is 1,000.

Quote currency: The second currency in the pair. Pip value is first worked out in this currency and then converted to dollars.

Notional value: The full market value of the position. It is your real exposure and the amount leverage applies to.

The pip value formula, with examples

Pip value = Lots × 100,000 × Pip size × Quote currency in USD

The pip size is 0.0001 for most pairs and 0.01 for pairs quoted in yen. If the pair is quoted in dollars, the last term is 1. If the dollar is the base currency, as in USDJPY or USDCAD, divide by the price instead. For a cross such as EURGBP, use what one unit of the quote currency is worth in dollars.

EURUSD, dollar quote

One standard lot is 100,000 × 0.0001 = $10 per pip.
A mini lot (0.10) is $1 per pip and a micro lot (0.01) is $0.10 per pip.
A 25 pip move on 0.50 lots is 25 × $5 = $125.

USDJPY at 150.00, dollar base

One pip is 0.01, so one standard lot moves 100,000 × 0.01 = 1,000 yen per pip.
Convert to dollars by dividing by the price: 1,000 ÷ 150 = $6.67 per pip.
The pip value shifts a little as USDJPY moves, which is why the price is an input.

EURGBP with the pound at $1.30, a cross

One standard lot is 100,000 × 0.0001 = 10 pounds per pip.
Multiply by what one pound is worth in dollars: 10 × 1.30 = $13.00 per pip.
Crosses need the pound rate, which is why the calculator asks for it.

Velotrade lists 41 forex pairs, with leverage of up to 50x on the majors during the challenge. The full list with leverage for every pair is on the instruments page, and the forex market page covers hours and costs. For crypto and stocks, use the position size calculator.

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Education

Frequently asked questions

Common questions about pips, pip value and how it changes with the pair and the lot size.

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