Calculate how much a pip is worth, and what an X-pip move means in money based on your position size. Perfect to know what your stop loss risks. Free, forex, gold and indices.
Amounts are in your account currency. The pip value per lot is preset by instrument (editable via "Custom").
A pip is the unit a price move is measured in on the forex market. On almost every pair it is the 4th decimal of the price, 0.0001: when EUR/USD goes from 1.0850 to 1.0851 it has moved one pip, and from 1.0850 to 1.0900, 50 pips. The word comes from "percentage in point".
Yen pairs (USD/JPY, EUR/JPY) are the exception: the pip there is the 2nd decimal, 0.01, so a move from 150.00 to 150.25 on USD/JPY is 25 pips. Most brokers also quote one more decimal, the 5th (the 3rd on yen pairs): that is the pipette, a tenth of a pip. In 1.08505 the last digit is a pipette, not a pip, and mixing the two up puts your stop off by a factor of ten.
A pip is worth nothing on its own: it all depends on your position size. Pip value = size of one pip × number of units, and the result comes out in the quote currency, the second one in the pair.
That last conversion is the one people skip: as soon as the quote currency is not your account currency, the pip value is converted at the current rate, so it moves with it. On a euro account, the 10 USD of EUR/USD come to 9.22 EUR when the pair trades at 1.0850. The calculator above starts from the pip value per lot you give it; to work back to the size you should take, use the position size calculator, and for lots, leverage and sessions, the lesson on forex.
On most forex pairs, 1 pip is worth about 10 per standard lot. On gold (XAUUSD), a 0.10 pip is also worth about 10 per lot. Your platform shows it in the symbol specifications.
Pip value for your position = pip value per lot × size in lots. With 0.5 lot and 10 per lot, one pip is worth 5 to you.
Total amount = pip value for your position × number of pips. That's what a target earns or a stop loss of that distance costs.
Amount = pip value per lot × size in lots × number of pips. This is the calculation that tells you, in money, what your stop or target distance is really worth.
Want to connect pip value to your position size and your risk per trade?
Read the position sizing guide →On a standard forex pair (EURUSD, GBPUSD), a pip is worth about 10 per standard lot, 1 per mini lot (0.1) and 0.10 per micro lot (0.01). On gold (XAUUSD), a 0.10 pip is also worth about 10 per lot. Multiply by your size for your real value.
On XAUUSD, a pip (0.10 move) is worth about 10 per standard lot at most brokers. For 0.5 lot, a pip is therefore worth 5. Check the exact value in your broker's specifications, as it can vary slightly.
On forex, a pip is the 4th decimal (0.0001). On indices or gold, people often speak of points. The conversion principle is the same: value of one point per lot × size × number of points.
Yes, fully free and no sign-up. It complements the position size calculator: one gives you your size, the other tells you what each pip is worth once that size is chosen.