Forex Pip Calculator
Calculate the monetary value of one pip—or an entered pip move—for a forex or metals position. The calculator multiplies an editable pip size by position units, then applies one explicitly directed quote-to-account rate. Reference specifications load with each instrument, but the broker symbol specification remains the final source.
Position inputs
Enter the volume and account-currency context you want to evaluate.
Determines the pip size, quote currency and stored standard contract size.
The currency in which the converted pip value is displayed.
Loaded from the instrument reference; replace it if the broker symbol uses a different convention.
Units represented by one standard lot for the broker symbol.
Fractional values are accepted; the lot type supplies the multiplier.
Multiplier applied to the selected instrument's stored standard contract size.
Multiplies the one-pip value. It does not predict that a price move will occur.
The required direction will appear here.
Calculated pip value
Derived from the entries on this page using Pip Pricing model 1.0.0.
How pip value is calculated
The entered pip size is multiplied by position units. That first result is denominated in the pair's quote currency. If the quote currency differs from the account currency, the result is converted once in the explicit direction shown beside the rate field. The custom-move value multiplies the one-pip account value by the entered number of pips.
Pip value in quote currency = Pip size x Position units
Pip value in account currency = Quote pip value x Quote-to-account rate
Entered-move value = Account-currency pip value x Entered pips
Worked example: USD/JPY pip value
How to interpret the result
USD 6.67 is the pip value under the entered 150.00 conversion. It is not a current broker quote. Verify the symbol’s contract size, pip convention, account-currency conversion and any broker markup before using it in a trade plan.
Conversion directions used by the calculator
Scroll horizontally to compare every conversion case.| Account relationship | Rate entered | Transformation |
|---|---|---|
| Account = quote currency | No rate required | Quote pip value is already in account currency |
| Account = base currency | Quote units per 1 base unit, such as USD/JPY | Divide quote pip value by the entered rate |
| Account is neither currency | Account units per 1 quote unit, such as GBP/USD for a USD account | Multiply quote pip value by the entered rate |
Assumptions and limits
- The rate is manually entered and has no automatic timestamp or broker attribution.
- Pip size and contract size load from this site's instrument metadata and are editable because broker-specific symbols and CFD specifications can differ.
- The calculation excludes spread, commission, slippage, swap, margin and broker volume rules.
- The output is a deterministic value from your inputs, not a position-size or trade recommendation.
Sources and methodology
- MQL5 Reference — symbol properties documents contract size, tick size, tick value and volume fields that can vary by broker symbol.
- MQL5 Reference — SymbolInfoDouble documents how a trading platform exposes floating-point symbol properties for independent verification.
Frequently asked questions
- Pip value is the monetary change in a position for one standardized pip of price movement. It depends on pip size, contract size, volume, quote currency and any account-currency conversion.
- Position units = entered contract size x lots x lot-type multiplier. Quote-currency pip value = entered pip size x position units. The result is converted once into account currency, then multiplied by the entered pip move when that output is used.
- The standard pip convention for JPY pairs is the second decimal place, or 0.01, while most major FX pairs use the fourth decimal place, or 0.0001.
- When the account currency is neither the base nor quote, enter how many account-currency units equal one quote-currency unit. The calculator multiplies the quote pip value by that rate.
- The site's XAU/USD convention is a 0.01 pip and a 100-ounce standard contract, so one pip is USD 1 per standard lot before any account-currency conversion. Verify your broker's symbol specification.
- They apply multipliers of 1, 0.1, 0.01 and 0.001 to the entered standard contract size. With a conventional 100,000-unit FX contract, that maps to 100,000, 10,000, 1,000 and 100 units.
- The quote-currency pip value is fixed for a given instrument and volume. Its account-currency equivalent changes whenever a conversion is required and that conversion rate changes.
- A lot-size calculation divides a selected monetary loss budget by stop distance multiplied by pip value per standard lot. Broker volume steps and contract specifications still need separate verification.
Continue your pre-trade checks
Compare broker contract terms
Before using a pip value, verify the symbol specification and account terms for the broker entity available in your jurisdiction.
XM
Verify exact contract size, pip convention, minimum volume and account-currency conversion.
Check XM termsFXOpen
Confirm contract size, quote precision and volume increments before ordering.
Check FXOpen termsRisk and affiliate disclosure: Leveraged forex and CFD trading can result in substantial losses. These are affiliate links, so ForexMT4Indicators.com may receive compensation if you register or trade through them, at no additional cost to you. Availability and terms vary by jurisdiction and broker entity.