Pip value calculator
This pip calculator answers one question: if the price moves by one pip, how many dollars does your position gain or lose? Choose a pair, enter the current price and your size in lots, and the result updates instantly. Everything runs in your browser; nothing you type is sent anywhere.
The formula
Dollar value = that amount × (quote-to-USD rate)
A pip is 0.0001 on most pairs and 0.01 on yen pairs. A standard lot is 100,000 units of the base currency; for gold the calculator uses 100 ounces per lot, where a pip is $0.01. When the US dollar is the quote currency (EUR/USD, GBP/USD, AUD/USD) no conversion is needed. When it is the base currency (USD/JPY, USD/CHF), divide by the current price. For crosses such as EUR/GBP, the calculator asks for a conversion rate.
Worked examples
These figures are illustrative.
- EUR/USD, 0.5 lots: 0.5 × 100,000 × 0.0001 = $5 per pip.
- USD/JPY at 150.00, 1 lot: 100,000 × 0.01 = 1,000 yen per pip; 1,000 ÷ 150 = about $6.67 per pip.
- Gold, 0.2 lots: 0.2 × 100 oz × $0.01 = $0.20 per pip, so a $1 move in gold (100 pips) is worth $20.
Reading the pip calculator result
The result turns a price move into money. If your stop-loss is 25 pips away and each pip is worth $5, a stopped-out trade loses $125 plus costs. That is the number to compare with your account balance before trading, not after. If it feels too large, reduce the lot size: the dollar figure scales in direct proportion.
Remember that on a yen pair the dollar figure shifts as the exchange rate moves, and that spreads and swaps come on top. The lot size calculator runs the maths in reverse, from the amount you are prepared to risk to the position size, and our forex guide explains pips and lots from the beginning.