Pip calculator helps traders to calculate the pip value, the price of a single pip for the currency pairs. Using Pip Value calculator traders can calculate their risk, plan their FX entries.
How to calculate Pip value manually?
– USD as the quote currency, e.g. EUR/USD: pip value = 0.0001 x units
– USD as the base currency, e.g. USD/CHF: pip value = 0.0001 x units/quote
– Cross pair with no USD, e.g. EUR/GBP: pip value = 0.0001 x units x quote currency quote (GBP/USD)
For pairs such as EUR/CHF, where the quote currency is not offered by your broker in the form of xxx/USD, you should use 1/(USD/CHF) for the quote currency quote in the formula.
NOTE: 2 or 3 digit currencies (e.g. JPY quoted pairs) the multiplier is 0.01