Forex Pip Value & Profit Calculator
Know exactly what a pip is worth before you place the trade. Enter your lot size and the number of pips to get your per-pip value and total profit or loss — in your own account currency.
Standard lot = 100,000 units of the base currency.
Leave at 1 when the pair's quote currency is your account currency (e.g. EUR/USD on a USD account). Otherwise enter how much one unit of the quote currency is worth in your account currency. No live rates are used — you control the number.
Pip value & result
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How to use the calculator
- Pick your account currency and a lot size — Standard, Mini, Micro, or a custom number of units.
- Set the pip size (0.0001 for most pairs) or flip the JPY pair toggle to use 0.01.
- Enter the number of pips you gained or lost — use a negative number for a loss.
- If the pair's quote currency isn't your account currency, set the quote → account conversion rate. Leave it at 1 otherwise.
Why pip value is the number that actually sizes your risk
In forex your stop-loss is measured in pips, but your account is measured in money — and the bridge between the two is pip value. Until you know what one pip is worth for the size you're trading, you can't translate “a 30-pip stop” into an actual dollar risk, and you can't size the trade so a loss stays within the fixed amount you're willing to risk. Get pip value wrong and every other risk number you work out downstream is wrong too.
The math is direct: pip value = pip size × units, expressed in the quote currency, then multiplied by a conversion rate if that quote currency isn't your account currency. Multiply pip value by your number of pips and you have the total profit or loss. On EUR/USD, a standard lot moves about $10 per pip, a mini lot about $1, and a micro lot about $0.10 — scale up or down from there.
Frequently asked questions
How is pip value calculated?
Pip value = pip size × the number of units you're trading, expressed in the quote currency. For a standard lot (100,000 units) on a pair like EUR/USD, one pip (0.0001) is worth 0.0001 × 100,000 = $10. If the quote currency isn't your account currency, multiply by a conversion rate to express it in your account currency.
What is a pip, and why are JPY pairs different?
A pip is the standard smallest price move a currency pair is quoted in. For most pairs that's the fourth decimal place (0.0001). For pairs quoted in Japanese yen (like USD/JPY), prices carry only two decimals, so one pip is 0.01. Toggle 'JPY pair' in the calculator to switch the pip size automatically.
How big are standard, mini and micro lots?
A standard lot is 100,000 units of the base currency, a mini lot is 10,000, and a micro lot is 1,000. Pip value scales directly with size: on EUR/USD a standard lot is about $10 per pip, a mini lot about $1, and a micro lot about $0.10.
Does this calculator use live exchange rates?
No — and that's deliberate. It never pulls live prices, so your numbers are stable and reproducible. When the pair's quote currency differs from your account currency, you enter the conversion rate yourself in the 'quote → account' field, which keeps the tool transparent and offline-friendly.
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Educational tool only — not financial advice. Trading forex involves substantial risk of loss. Also see our trading blog.