Tools Pip value
Forex

Pip value calculator

Find what one pip is worth in your account currency, then see how spread and commission change the round-trip cost.

Trade specification

Select the pair and account currency. Cross-currency conversion uses a dated institutional reference rate.

Trading-cost settings
Value of one pipLoading…

Checking whether currency conversion is required.

Updating reference data…

Value in quote currency
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Spread cost
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Spread + commission
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Pip value by position size

Same pair and account currency

Micro · 1,000
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Mini · 10,000
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Standard · 100,000
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Your position
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The calculation

Pip value in quote currency = position units × pip size. For most pairs a pip is 0.0001; for JPY-quoted pairs it is usually 0.01. The quote-currency result is then converted into your account currency when needed.

Use it before position sizing

A position-size formula is only as accurate as its pip value. Check the contract specification for unusual instruments, metals, indices, and CFDs because their tick and contract rules can differ from spot FX conventions.