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How it work:
Our pip calculator will help you determine the value per pip in your base currency to monitor risk per trade more accurately.
All you need is your base currency, the currency pair you are trading, the exchange rate and the size of your position to calculate the value per pip.
The calculation is done as follows:
Pip value = (One pip / exchange rate) * lot size
Example:
One pip: 0.0001
Base currency in account: EUR
Currency pair: EUR/USD
Exchange rate: 1.08962 (EUR/USD)
Lot size: 1 lot (100000 EUR)
Pip value = 0.0001 / 1.08962 * 100000
Each pip is worth 9.18€