Pip value calculator
The value of a one-pip move for your position, converted to your account currency.
How it is worked out
Pip value = pip size × contract size × lots, in the quote currency, then converted to the account currency at the latest reference rate (or the rate you type).
Questions
What is a pip?
For most currency pairs a pip is 0.0001 of the price; for yen pairs it is 0.01. Indices and commodities move in points, whose size depends on the instrument.
Why is a pip on EUR/USD worth exactly 10 USD per lot?
One standard lot is 100,000 euros; 100,000 × 0.0001 = 10 US dollars, because the quote currency is the US dollar.