Example 1 — EUR/USD, 0.5 lot
- Instrument
- EUR/USD
- Lots
- 0.5
- Pips (SL/TP)
- 25
Value of 1 pip = 0.0001 × 100,000 × 0.5 = $5.00. Total for 25 pips = $125.00.
Pip Calculator
See the value of one pip for gold (XAU/USD), silver (XAG/USD), and major forex pairs, in USD and Thai baht (THB), updated as you type.
- Free
- No data stored
- Formula shown
Value of 1 pip at this lot size
1.00USD
≈ 32.66 THB
- Total (USD)
- 10.00
- Total (THB)
- 326.60
- Value per pip per lot
- 1.00
- Pip size
- 0.01
- Contract size (1 lot)
- 100
| Lot size | Value/pip | Total for the pips entered |
|---|---|---|
| 0.01 lot | 0.01 USD | 0.10 USD |
| 0.10 lot | 0.10 USD | 1.00 USD |
| 1.00 lot | 1.00 USD | 10.00 USD |
Worked examples
Try it with real numbers
Example 2 — USD/JPY, 1 lot
- Instrument
- USD/JPY
- Lots
- 1.0
- Pips (SL/TP)
- 15
- USD/JPY rate
- 147.50
Value of 1 pip = (0.01 × 100,000) ÷ 147.50 ≈ $6.78. Total for 15 pips ≈ $101.69.
The formula
How to calculate pip value
Value of 1 pip (USD) = pip size × contract size
If the quote currency isn't USD, divide the result by the USD/quote exchange rate
Total value = value of 1 pip × lots × pips
If the quote currency isn't USD, divide the result by the USD/quote exchange rate
Total value = value of 1 pip × lots × pips
What each variable means:
- Pip size — The smallest price move that counts as "1 pip" for a given instrument. For example, 0.01 for XAU/USD, 0.0001 for EUR/USD, and 0.01 for USD/JPY.
- Contract size — The amount of the underlying asset in one standard lot. XAU/USD uses 100 ounces; major forex pairs use 100,000 units of the base currency.
- Quote currency — The currency after the "/" in a pair, such as JPY in USD/JPY. When the quote currency isn't USD, you need to convert the value back to USD using the current exchange rate.
- Lots — The size of the position you open, such as 1.00 lot (Standard), 0.10 lot (Mini), or 0.01 lot (Micro).
For example, XAU/USD has a pip size of 0.01 and a contract size of 100 ounces, so 1 pip per lot equals 0.01 × 100 = $1.00. EUR/USD has a pip size of 0.0001 and a contract size of 100,000 units, so 1 pip per lot equals 0.0001 × 100,000 = $10.00.
What is a pip
A pip (percentage in point) is the smallest standard price move used in the forex and gold markets. For most pairs, 1 pip equals the fourth decimal place (0.0001). XAU/USD and pairs quoted in JPY use the second decimal place (0.01) instead, because their base prices sit at a different scale. Knowing the correct pip size for each instrument is the starting point before you calculate any risk or profit and loss.
Why calculate pip value
Before you open a position, a disciplined trader knows how much a given price move in pips is worth in real money. The same lot size delivers a different pip value on each instrument. One lot of EUR/USD is worth $10 per pip, while one lot of XAU/USD is worth only $1. Working out pip value ahead of time lets you set stop loss and take profit distances as a controlled dollar amount, instead of guessing by feel.
What is the 1% risk rule
The 1% risk rule is a money-management approach favored by professional traders. It limits the risk on any single trade to no more than 1–2% of your total account balance, so the account can survive a string of losing trades. The pip value this tool calculates is a key input for that rule, and it feeds directly into the Lot Size Calculator.
FAQ
Frequently asked questions
Why does XAU/USD use 2 decimal places for 1 pip instead of 4 like typical forex pairs
Gold's base price is much higher than a typical forex pair, running into the thousands of dollars per ounce. Most brokers set 1 pip of XAU/USD to $0.01 rather than $0.0001, which keeps the numbers readable and matches how much gold actually moves.
What's the difference between a pip and a point
Some platforms quote prices with an extra decimal place, 5 digits for forex or 3 for JPY pairs. That last digit is called a point, and it equals 1/10 of a pip. This tool calculates in standard pip units so the results line up with most brokers.
Why does the pip value for USD/JPY keep changing
USD/JPY is quoted in JPY, not USD, so its pip value has to be converted back to USD using the current USD/JPY exchange rate. When that rate moves, the pip value in USD shifts slightly along with it.
Does the USD/THB rate need to match my broker exactly
No, it doesn't need to be exact. This field only converts the USD result into THB so it's easier to judge risk against an account funded in THB. It has no effect on the actual trade.
Do these numbers match my broker 100%
These are estimates based on standard industry formulas. Some brokers use a slightly different contract size or spread, so always check against your actual trading platform before you decide.
Next steps
Related tools and lessons
Lot Size Calculator
Work out the right lot size from your account balance and the risk you accept per trade.
Example $1,000 account, 2% risk, SL $2.00 = 0.10 lot
Open toolGold Price Converter
Convert the world spot price into the Thai gold-bar price per baht-weight, and back.
Example spot $2,400 @ 32.66 = 37,072 THB
Open toolLearn more about pips and lots in Chapter 04: Trading XAU/USD on a Forex Platform → · See the full curriculum →