Risk warning: Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Calculator

A pip is a tick. This page turns it into money.

On most USD-quoted majors, one pip on a standard lot is about $10. On yen pairs the pip is 0.01 and the dollar value moves with the rate. Choose a lot size and an account currency; we convert with the latest ECB mid from Frankfurter.

0.0001
Typical pip on EURUSD, GBPUSD, AUDUSD
0.01
Typical pip on USDJPY and GBPJPY
$10
Ballpark pip value on a USD-quoted standard lot
Formula · Pip value
Lots × 100,000 × pip size, then convert quote → account
1.00
Standard — full pip value in the result
0.10
Mini — one tenth of that pip value
0.01
Micro — one hundredth of that pip value
ECB
Daily reference mid, not a dealing spread
Interactive

Pip value in USD, EUR, or GBP

Value of that move
—
One pip
—
Pair mid used
Loading ECB mid…