| Updated: | Metric | Value |
|---|---|
| Standard Lot | $0.00 |
| Mini Lot | $0.00 |
| Micro Lot | $0.00 |
| Pip Value | $0.00 |
The Pip Value Calculator tells you how much a pip move is worth in money for a specific trade size. This is essential for risk management because stop-loss and take-profit distances are measured in pips, but your account risk is measured in dollars (or your account currency).
By turning pips into real currency values, the calculator helps you avoid oversizing trades and makes it easier to keep risk consistent across different currency pairs and market conditions.
Why Traders Calculate Pip Value
Pips describe price movement, but they do not tell you how much you can gain or lose. The same 20-pip stop can be modest on one trade and large on another, depending on the pair, the lot size, and your account currency.
A pip value check is also useful when you switch between major pairs, cross pairs, and JPY pairs, where pip sizing and typical volatility can differ.
Common Use Cases
- Stop-loss planning: translate a stop in pips into a clear money risk amount.
- Position sizing support: pair pip value with your risk-per-trade rules to size consistently.
- Comparing instruments: see how pip value differs between pairs for the same lot size.
- Trade management: understand what partial closes or trailing stops mean in account currency.
- Account currency conversion: estimate pip worth even when quote currency differs from your account.
What the Inputs Mean
Currency pair determines the pip size rules, especially for JPY pairs where a pip is typically larger in quoted price terms.
Price is used when the quote currency is different from your account currency, since pip value can depend on the current exchange rate.
Exchange rate (quote to account) is used to convert the pip value into your account currency. This is important if your account is in USD but the pair’s quote currency is CAD, JPY, or another currency.
Trade size (lots) sets the scale of the position. Pip value increases linearly with lot size, so doubling lots doubles pip value.
Pips lets you estimate the value of a move larger than one pip, which is useful for evaluating stop-loss and take-profit distances.
How to Interpret the Results
The table shows pip value for standard, mini, and micro lots, then gives the pip value for your selected trade size. This makes it easy to think in either “platform sizing” terms (lots) or risk terms (money).
The most practical number is the pip value for your chosen lot size, because it helps you convert your planned stop-loss into a dollar amount quickly.
Tips for More Accurate Risk Planning
Use realistic, current prices when trading cross pairs, because pip value can change as exchange rates change. If you trade frequently, updating the price input can improve accuracy.
Remember that spreads and commissions can slightly affect the effective risk, especially on short-term trades with tight stops.
- Treat results as estimates: real execution, spread, and slippage can affect outcomes.
- Plan with a buffer: if you trade around news, allow for wider spreads and faster moves.
- Use with position sizing: pip value becomes most powerful when combined with a fixed risk-per-trade rule.