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Pip Value Calculator
Find what one pip is worth in dollars on major, yen and cross pairs, for any lot size.
What Is One Pip Worth?
Pick your pair and lot size. For pairs not quoted in US dollars, add the current price so we can convert.
How Pip Value Works
What a pip is
For most pairs a pip is the fourth decimal place (0.0001). For yen pairs it's the second (0.01). On a standard lot, a pip on any pair quoted in US dollars is worth $10.
Why it matters on a funded account
Your loss limits are in dollars. Knowing what a pip is worth tells you how far a stop can sit before one trade eats into today's room. Use the result in the position size calculator.
Pip Values on 1 Standard Lot
| Pair | Example price | 1 pip on 1 lot |
|---|---|---|
| EUR/USD, GBP/USD | Any | $10.00 |
| USD/JPY | 150.00 | $6.67 |
| USD/CAD | 1.3800 | $7.25 |
| EUR/GBP | GBP/USD at 1.3000 | $13.00 |
Pip Value Questions
Are gold, indices and crypto worked out the same way?
No. Contract sizes differ by instrument, so check the point or pip value in your platform's symbol details before you size a trade.
What is a lot?
A standard lot is 100,000 units of the first currency in the pair. A mini lot is 0.1 of that and a micro lot is 0.01.
Why does the yen pair value change?
A yen pair's pip is worth a fixed amount of yen. Converted to dollars, it moves a little with the USD/JPY price.
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All Clarity Traders accounts are simulated. Figures are estimates for planning, not trading advice.