Find out what one pip is worth before you place a trade. Choose the pair, your position size and the currency your account is in, and the calculator shows the value of a pip for your size and for a standard, mini and micro lot.
When your account currency differs from the pair's quote currency, the value is converted with the latest European Central Bank reference rates, updated every working day. Enter your own conversion rate for an exact figure at the current price.
Open Add stop loss & risk to enter your stop loss in pips and your account balance: the calculator then shows how much the trade loses if the stop is hit, and what share of your balance that is.
Value of 1 pip for 1 lot of EUR/USD
10.00 USD
1 pip = 0.0001 (your broker setting) · 10.00 USD in the quote currency
- Loss at stop loss
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- Account risk
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Risk allocation
Enter a stop loss in pips to see what the trade risks.
| Lot | Units | Pip value | Loss at stop |
|---|---|---|---|
| Standard (1) | 100,000 | 10.00 USD | – |
| Mini (0.1) | 10,000 | 1.00 USD | – |
| Micro (0.01) | 1,000 | 0.10 USD | – |
No conversion: the account is in USD.
ECB exchange rates updated 3 Nov 2026.
New to Forex Trading?
Not sure how to calculate pip value or how it affects your trading risk? Read our beginner's guide to calculating pip value to learn how pips, position sizes, and stop losses work together before placing your first trade.
What is a pip?
A pip is the standard step a currency price moves in. For most pairs it is the fourth decimal (0.0001); for pairs quoted in Japanese yen or Hungarian forint it is the second decimal (0.01). On EUR/USD, a move from 1.1050 to 1.1051 is one pip.
How is pip value calculated?
Pip value = pip size × position size in units, which gives the value in the quote currency. One standard lot is 100,000 units, so a pip on EUR/USD is worth 0.0001 × 100,000 = 10 USD. If your account is in another currency, that amount is converted at the exchange rate from the quote currency to your account currency.
How much do I lose if my stop loss is hit?
Loss at the stop = stop loss in pips × pip value. With 0.2 lots of EUR/USD a pip is worth 2 USD, so a 25 pip stop loses 50 USD. On a 5,000 USD account that is 1% of the balance. Spread and commission come on top, so the real loss is slightly larger.
How much of my account should one trade risk?
Many traders keep each trade at 1% to 2% of the balance, so a losing streak cannot do lasting damage. The risk bar under the result is green up to 1%, amber up to 2% and red above that, and it is full at 5%. If the bar turns red, a smaller position or a closer stop brings the risk back within your plan.
How are gold and silver pips counted?
Brokers differ. This calculator counts a gold pip as 0.10 (XAU/USD, 100 ounces per lot, so 10 USD per pip) and a silver pip as 0.01 (XAG/USD, 5,000 ounces per lot, so 50 USD per pip). If your broker uses a different pip size or contract size, open Advanced: broker settings under the pair and enter the values from its contract specification: the pip value, the loss at your stop and the lot table are recalculated with them, and a shared result keeps them.
Why record pip value in your trading journal?
Logging the pip value and the risk in money for each trade shows whether your position sizes stay consistent, and makes results easier to compare across pairs with very different pip values.
