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Beginner

What is pip value?

We quote currency pairs by "5, 3 and 2" decimal places – also known as fractional pips or pipettes.

  • On a 5 decimal place currency pair a pip is 0.00010
  • On a 3 decimal place currency pair a pip is 0.010
  • On a 2 decimal place currency pair a pip is 0.10

For example: If GBP/USD moves from 1.51542 to 1.51552, that .00010 USD move higher is one pip.

When trading FX and other symbols, there are some easy rules to calculate the ‘pip-value’ of the trade so you can work out your potential gains and losses quickly.

  • When trading a ‘spot’ instrument, the pip value will always be in the second quoted symbol on the currency pair – so for EURAUD/USD, this means the pip value will be based in U.S. Dollars. This also applies to commodity pairs such as Gold (XAU/USD) – where the pip value will be based in USD.
  • For Indices, the point value will be based in the currency of the country that hosts that stock index; for instance, GER30 is traded in Europe which means that the point value is given in EUR (Euro); US500 is traded in the US, so the point value will be in US Dollars.

A list of all traded symbols and their pip values is shown below. The pip scales in direct proportion to the trade size – so a 2 lot trade will have twice the value per pip as a 1 lot trade.

Pip values:

FX pairs

FX pairs
Pip value per 1 standard lots
Pip value per 0.1 standard lots
Pip value per 0.01 standard lots
AUDCAD
10 CAD
1 CAD
0.10 CAD
AUDCHF
10 CHF
1 CHF
0.10 CFH
AUDJPY
1000 JPY
100 JPY
10 JPY
AUDNZD
10 NZD
1 NZD
0.10 NZD
AUDSGD
10 SGD
1 SGD
0.10 SGD
AUDUSD
10 USD
1 USD
0.10 USD
CADCHF
10 CGH
1 CGH
0.10 CHF
CADJPY
1000 JPY
100 JPY
10 JPY
CHFJPY
1000 JPY
100 JPY
10 JPY
CHFSGD
10 SGD
1 SGD
0.10 SGD
EURAUD
10 AUD
1 AUD
0.10 AUD
EURCAD
10 CAD
1 CAD
0.10 CAD
EURCHF
10 CHF
1 CHF
0.10 CHF
EURCZK
10 CZK
1 CSK
0.10 CZK
EURGBP
10 GBP
1 GBP
0.10 GBP
EURJPY
1000 JPY
100 JPY
10 JPY
EURNOK
10 NOK
1 NOK
0.10 NOK
EURNZD
10 NZD
1 NZD
0.10 NZD
EURPLN
10 PLN
1 PLN
0.10 PLN
EURSEK
10 SEK
1 SEK
0.10 SEK
EURSGD
10 SGD
1 SGD
0.10 SGD
EURTRY
10 TRY
1 TRY
0.10 TRY
EURUSD
10 USD
1 USD
0.10 USD
EURZAR
10 ZAR
1 ZAR
0.10 ZAR
GBPAUD
10 AUD
1 AUD
0.10 AUD
GPBCAD
10 CAD
1 CAD
0.10 CAD
GPBCHF
10 CHF
1 CHF
0.10 CHF
GPBJPY
1000 JPY
100 JPY
10 JPY
GBPNOK
10 NOK
1 NOK
0.10 NOK
GBPNZD
10 NZD
1 NZD
0.10 NZD
GBPSEK
10 SEK
1 SEK
0.10 SEK
GBPSGD
10 SGD
1 SGD
0.10 SGD
GBPTRY
10 TRY
1 TRY
0.10 TRY
GBPUSD
10 USD
1 USD
0.10 USD
NOKJPY
1000 JPY
100 JPY
10 JPY
NOKSEK
10 SEK
1 SEK
0.10 SEK
NZDCAD
10 CAD
1 CAD
0.10 CAD
NZDCHF
10 CHF
1 CHF
0.10 CHF
NZDJPY
1000 JPY
100 JPY
10 JPY
NZDUSD
10 USD
1 USD
0.10 USD
SEKJPY
1000 JPY
100 JPY
10 JPY
SGDJPY
10000 JPY
100 JPY
10 JPY
USDCAD
10 CAD
1 CAD
0.10 CAD
USDCHF
10 CHF
1 CHF
0.10 CHF
USDCNH
10 CNH
1 CNH
0.10 CNH
USDCZK
10 CSK
1 CZK
0.10 CZK
USDJPY
1000 JPY
100 JPY
10 JPY
USDMXN
10 MXN
1 MXN
0.10 MXN
USDNOK
10 NOK
1 NOK
0.10 NOK
USDPLN
10 PLN
1 PLN
0.10 PLN
USDSEK
10 SEK
1 SEK
0.10 SEK
USDSGD
10 SGD
1 SGD
0.10 SGD
USDTHB
10 THB
1 THB
0.10 THB
USDTRY
10 TRY
1 TRY
0.10 TRY
USDZAR
10 ZAR
1 ZAR
0.10 ZAR
ZARJPY
1000 JPY
1 JPY
10 JPY

Commodities

Commodities
Pip value per 1 standard lots
Pip value per 0.10 standard lots
Pip value per 0.01 standard lots
XTIUSD
10 USD
1 USD
0.10 USD
XBRUSD
10 USD
1 USD
0.10 USD
XAGUSD
50 USD
5 USD
0.50 USD
XAUUSD
10 USD
1 USD
0.10 USD
XAUEUR
10 EUR
1 EUR
0.10 EUR
XAGEUR
50 ERU
5 EUR
0.50 EUR
XNGUSD
10 USD
1 USD
0.10 USD
XPDUSD
10 USD
1 USD
0.10 USD
XPTUSD
10 USD
1 USD
0.10 USD

Indices

Indices
Point value per 1 standard lot
US500
1 USD
US30
1 USD
NAS100
1 USD
AUS200
1 AUD
EUSTX50
1 EUR
GER30
1 EUR
FRA40
1 EUR
IT40
1 EUR
SPA35
1 EUR
UK100
1 GBP
JPN225
100 JPY
HK50
1 HKD
US2000
1 USD
CN50
1 USD
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