Pip value calculator.
See what one pip is worth on any major or minor pair, gold or an index, for your lot size and in your account currency.
Approximate: currency conversion uses static rates (Oct 2026), not a live feed, so results can be a little out. Index contract sizes vary (often 1, 10 or 20 per point per lot), so set yours. Always check with your broker before you trade.
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Use it in the free TopTrades FX app
The free app has a pip calculator in your pocket, alongside the journal. The journal and core tools are free.
How pip value is worked out
Pip value = lot size × contract size × pip size, in the quote currency (the second one in the pair), then converted to your account currency.
| Pair (1.00 lot) | Pip size | Pip value |
|---|---|---|
| EUR/USD, GBP/USD | 0.0001 | $10 |
| EUR/GBP | 0.0001 | £10 |
| USD/JPY, GBP/JPY | 0.01 | ¥1,000 (about $6.67) |
| XAU/USD (gold) | 0.10 | $10 |
For 0.10 lots divide by 10; for 0.01 lots divide by 100. If your account is in pounds, a $10 pip is about £7.46 at GBP/USD 1.34.
Questions
How much is 1 pip on EUR/USD?
$10 per standard lot (1.00), $1 per mini lot (0.10) and $0.10 per micro lot (0.01).
How much is a pip worth in pounds?
On pairs that end in USD, about £7.46 per 1.00 lot at GBP/USD 1.34. On pairs that end in GBP (like EUR/GBP) it's exactly £10.
How much is 1 pip on USD/JPY?
1,000 yen per standard lot, which is about $6.67 when USD/JPY is 150.
Is a pip the same as a point?
On forex, many platforms show a fifth decimal (a pipette or point), which is one tenth of a pip. On indices, this calculator treats 1 pip as 1 index point.
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