Pip Value Calculator

Pips: What are they?

The unit of measurement for the difference in value between two currencies is the pip, which stands for point in percentage. Professional Forex traders across the globe report their earnings and losses in terms of pip movements in their positions.

How does the calculator for pip value operate?

The quantity of trade-in lots is multiplied by one pip in decimal notation to get the value of a pip, which is then divided by the current exchange rate of the quotation currency in your pair.

** When trading, you may encounter the phrase fraction pip. A tenth of a pip is known as a fractional pip. Forex rate variations may sometimes be more clearly defined by using fractional pip values.