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Our pip calculator will help you determine the value per pip in your base currency so that you can monitor your risk per trade with more accuracy.
All you need is your base currency, the currency pair you are trading on, the exchange rate and your position size in order to calculate the value of a pip.
How it works:
Our pip calculator will help you determine the value per pip in your base currency so that you can monitor your risk per trade with more accuracy.
All you need is your base currency, the currency pair you are trading on, the exchange rate and your position size in order to calculate the value of a pip.
The calculation is performed as follows:
Pip Value = (One Pip / Exchange Rate) * Lot Size
Example:
One Pip: 0.0001
Account Base Currency: EUR
Currency Pair: EUR/USD
Exchange Rate: 1.08962 (EUR/USD)
Lot Size: 1 Lot (100000 EUR)
Pip Value = 0.0001 / 1.08962 * 100000
Each Pip is worth €9.18
