Pip value

When one takes a contract (or a trade or a position) on a currency pair, the pips do not necessarily have the same value.
This essentially depends:

  • on the size of the contract (i.e. the number of units of a currency pair)
  • the definition of the pip, which is not always the same depending on the pair selected (e.g. the pip for the EUR/USD = 0.0001, the pip for the EUR/JPY = 0.001)

The exact formula is the following:
z pip XXX/YYY =z* S * dPIP expressed in currency YYY
Where

  • z = number of pips as a gain or loss
  • S = size of the contract = no. of units of pair XXX/YYY
  • dPIP: the definition of the pip based on the pair XXX/YYY

For example, if you took out a contract for 100,000 EUR/CHF and you won 60 pips, you have therefore won: 60 * 100,000 * 0.0001 = CHF 600. If you want the result in EUR, it is necessary to multiply this amount by the unitary CHF/EUR rate.
In the following formula, you can enter the size of the contract as well as the number of pips which you made as a gain or loss during your trade.
You can also choose the currency in which you want the result to be given.

Calculate the value of
pips / $
PairPip value (USD)Pip value (EUR)Pip value (GBP)
AUDCAD9.116.885.5
AUDCHF10.948.266.6
AUDJPY9.637.275.81
AUDNZD8.366.315.05
AUDUSD107.556.04
CADCHF10.948.266.6
CADJPY9.637.275.81
CHFJPY9.637.275.81
EURAUD9.256.985.58
EURCAD9.116.885.5
EURCHF10.948.266.6
EURGBP16.5812.5210.01
EURJPY9.637.275.81
EURNOK1.611.220.97
EURNZD8.366.315.05
EURTRY4.583.462.76
EURUSD107.556.04
GBPAUD9.256.985.58
GBPCAD9.116.885.5
GBPCHF10.948.266.6
GBPJPY9.637.275.81
GBPNZD8.366.315.05
GBPUSD107.556.04
NZDCAD9.116.885.5
NZDCHF10.948.266.6
NZDJPY9.637.275.81
NZDUSD107.556.04
USDBRL000
USDCAD9.116.885.5
USDCHF10.948.266.6
USDCNY1.621.220.98
USDINR16.4712.439.94
USDJPY9.637.275.81
USDNOK1.611.220.97
USDTRY4.583.462.76
XAGUSD107.556.04
XAUUSD107.556.04