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Pip value calculator

Enter your pair and lot size to see what one pip is worth. Add a number of pips to see the profit or loss in money.

New to this?

You getWhat one pip is worth in money, and the P&L for the move you entered

↓ See how it is worked out
What to enter, and the terms used

You enterAccount currency, pair, contract size, lot size, and (optional) a move in pips

A pip is the unit for price moves. For most pairs it is 0.0001; for JPY pairs such as USD/JPY it is 0.01.

New to these words?

lots
pips
Negative values work too
Your entries stay on this device only and will be here next time. You can use . or , for decimals. If a number has separators, we show how it was read below the field.

Example: enter this, get this

  1. Account currency: USD, pair: EUR/USD
  2. Contract size: 100,000 units, lot size: 0.1 (= 10,000 units)
  3. Move: 20 pips

One pip is worth 100,000 × 0.1 × 0.0001 = $1. A 20-pip move is $1 × 20 = $20 (a profit if price moves your way, a loss if not).

The example numbers only show how the calculation works. They are not recommendations. Replace them with your own account’s numbers, or use “Clear inputs”.

Where do I find these numbers?

Contract size
Right-click the pair in Market Watch → Specification → “Contract size”
Lot size
The “Volume” box when you place an order. For open positions, the Volume column (MT5) or the Size column (MT4) in the Trade tab
Pips
For most pairs one pip is 0.0001; for JPY pairs it is 0.01. In MT5, one “point” is usually a tenth of a pip at brokers with 5-digit prices

The mobile app and platforms other than MT4/MT5 may use different names or places (for example, “Units” or “Lot size” for contract size). If you cannot find a number, check your broker’s help pages.

How it works

  1. Pip value = contract size × lots × pip size (in the quote currency)
  2. If the quote currency differs from your account currency, it is converted with the rate you enter.
  3. The pip size is 0.01 for JPY pairs and 0.0001 for most others. For gold, this tool counts a $1 price move as 1 (brokers define it differently).

Formula, a worked example and common mistakes

The formula

Pip value = contract size × lots × pip size × conversion rate

P&L = pip value × pips moved

The pip size is 0.01 for JPY pairs and 0.0001 for most others. The conversion rate is how much one unit of the quote currency (the right side of the pair) is worth in your account currency. If they are the same currency, it is 1.

A worked example by hand: 0.1 lots of EUR/USD in an AUD account
  1. Pip value in USD = 100,000 × 0.1 × 0.0001 = $1
  2. In AUD, with AUD/USD at 0.6500: 1 ÷ 0.65 = about 1.54 AUD (divide, because AUD is on the left of AUD/USD)
  3. A 30-pip move = 1.538… × 30 = about 46.15 AUD
The numbers only show how the calculation works. They are not recommendations, and the rates are examples.
3 common mistakes
  1. Mixing up the pip size for JPY pairs and other pairsSwapping 0.01 (USD/JPY) and 0.0001 (EUR/USD) makes the answer 100 times off.
  2. Counting MT4/MT5 “points” as pipsAt brokers that quote 5 decimals (3 for JPY pairs), one point is a tenth of a pip. Counting points as pips makes the answer 10 times off.
  3. Converting in the wrong directionWhen your account currency is on the left of the rate (for example AUD/USD for an AUD account), divide by the rate. Multiplying gives a very different answer.

FAQ

How much is one pip?

On a standard lot (100,000 units), one pip on EUR/USD is $10 in a USD account. Contract sizes vary by broker, so check yours.

Does this include spread or commission?

No. Your real P&L also depends on spread, commission and swap.

Are you logging those pips?

Tiltnote is a trading journal that keeps your P&L next to how you felt on each trade. Add the EA to MT4/MT5 and closed trades are recorded automatically (paid plan).

Try Tiltnote free →On the free plan, analysis and history show your most recent 14 days (older records are kept and unlock on the paid plan).

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Numbers you entered in a tool are not sent. Please do not include account numbers or passwords. Privacy details

This tool is a calculation aid. It is not investment advice or a recommendation to make any trade. Real values depend on your broker’s contract size, rates, commissions and spread. Always check in your trading platform before placing an order. The numbers you enter are calculated on your device and never sent anywhere.

Updated 21 Oct 2026 · Run by Kenji Okumura, Representative, Tiltnote · About this site