Calculate the value of a pip for any forex pair
A pip (Percentage in Point) is the smallest standard price move in forex — typically 0.0001 for most pairs and 0.01 for JPY pairs.
Pip value depends on lot size and the exchange rate of the quote currency to your account currency. For USD-denominated accounts trading EUR/USD with a standard lot (100,000 units), one pip equals $10.
Knowing your pip value is essential for calculating risk in dollar terms and sizing positions correctly.
