Calculate the dollar value of each pip for any forex pair and lot size. Know your exact dollar risk before placing a trade.
| Pair | Pip Size | Pip Value (Std Lot) |
|---|---|---|
| EUR/USD | 0.0001 | ~$10.00 |
| GBP/USD | 0.0001 | ~$10.00 |
| AUD/USD | 0.0001 | ~$10.00 |
| USD/JPY | 0.01 | ~$9.10 |
| USD/CAD | 0.0001 | ~$7.40 |
| EUR/GBP | 0.0001 | ~$12.70 |
A pip (percentage in point) is the smallest standard price move in forex. For most pairs it's 0.0001 (the 4th decimal). For JPY pairs, it's 0.01 (the 2nd decimal).
For most USD-quoted pairs (EUR/USD, GBP/USD, AUD/USD), 1 pip on a standard lot is exactly $10. For other pairs it varies based on the current exchange rate.
Divide your dollar risk by the pip value to find how many lots you can trade. Example: $100 risk, 20-pip stop, pip value = $10 per standard lot → $100 ÷ (20 × $10) = 0.5 lots.