Pip Value Calculator — Dollar Value Per Pip (MT4/MT5)

Pip Value Calculator

Dollar value of one pip for any lot size.

Lot size

Contract size (units)

Pip size (e.g. 0.0001)

Quote → USD rate (1 if USD-quoted)

Value of one pip

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JPY pairs use pip size 0.01. For USDJPY, the quote→USD rate is 1/USDJPY (≈0.0065 at 155.00).

What is pip value?

A pip is the smallest standard price move in a currency pair. Pip value is how much money one pip is worth for your position size — the number you need before you can size a trade or set a stop-loss in dollars.

How pip value works

For most USD-quoted major pairs (EURUSD, GBPUSD, AUDUSD), one pip on a 1.00 standard lot is worth roughly $10, $1 on a 0.10 lot and $0.10 on a 0.01 micro lot. Cross pairs and gold differ, so calculate before you trade.

Once you know pip value, plug it into the lot size calculator to size positions precisely.

Frequently asked questions

How much is one pip worth?

For USD-quoted major pairs, one pip is about $10 per standard lot, $1 per mini lot and $0.10 per micro lot. Use the calculator above for exact figures on any lot size.

What is the difference between a pip and a point?

A pip is the fourth decimal place on most pairs (0.0001). A point (or "pipette") is the fifth decimal — one tenth of a pip. MT4/MT5 often quote 5 digits.

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