Forex Pip Calculator

How to Use This Calculator

1. Select your Currency Pair from the dropdown.
2. Enter your Lot Size — 100,000 for standard, 10,000 for mini, 1,000 for micro.
3. Enter the Number of Pips gained or lost.
4. Enter the Current Exchange Rate.
5. See pip value in USD and total P&L. Use Professional for spread, swap, and margin.

Formula

Example

Frequently Asked Questions

• What is a pip in forex? ▼
  A pip (percentage in point) is the smallest standard price move in a currency pair. For most pairs (EUR/USD, GBP/USD), 1 pip = 0.0001. For JPY pairs (USD/JPY), 1 pip = 0.01 because the JPY is quoted to 2 decimal places.
• How do you calculate pip value? ▼
  For USD-quoted pairs (EUR/USD): Pip Value = Lot Size × Pip Size (0.0001). For USD-base pairs (USD/JPY): Pip Value = Lot Size × Pip Size / Exchange Rate. For a standard lot (100,000) on EUR/USD, each pip = $10.
• What is the difference between a standard, mini, and micro lot? ▼
  Standard lot = 100,000 units ($10/pip for EUR/USD), Mini lot = 10,000 units ($1/pip), Micro lot = 1,000 units ($0.10/pip). Micro lots are ideal for beginners managing risk.
• What is the spread in forex? ▼
  The spread is the difference between the bid and ask price, measured in pips. It is the broker's primary cost. A 1.5-pip spread on a standard lot of EUR/USD costs $15 per round-trip trade.
• What is forex swap/rollover? ▼
  If you hold a position overnight, you pay or receive a swap (rollover) fee based on the interest rate differential between the two currencies. Positions held longer gain or lose additional pips through swap charges.

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