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Calculate pip value in a stated currency
This calculator multiplies position size in base-currency units by the pip size, then converts the resulting quote-currency value to your account currency. Enter the amount of account currency received for one unit of quote currency. The conversion is supplied by you; this page does not fetch live exchange rates.
Pips and decimal places
For an illustrative EUR/USD position, a pip size of 0.0001 and 100,000 units produce USD 10 per pip before any further conversion. If quote and account currency are the same, use a conversion of 1. Some instruments use a different pip convention; check the applicable contract specification instead of inferring it from the number of displayed decimals.
Example with account-currency conversion
Suppose the unconverted pip value is 10 in the quote currency and one unit of that currency equals 0.9 units of your account currency. Enter 0.9 to obtain 9 in the account currency. Entering the inverse exchange rate would produce a different and incorrect result for this definition.
What the result does not include
Pip value is not the full cost of a trade. Spread, commission, financing and changes in the conversion rate can affect the outcome. This simplified calculation also does not model every derivative contract. Use the spread calculator for a separate spread-cost illustration and the platform’s instrument specification for actual calculation rules.