Forex Pips Value - How Much is Your Expected P/L?

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You can use this tool to know how much the dollar value for each pip. Just enter the size of the trading volume (lots) in the column provided, then click "calculate". You will be provided with pips values of different currency pairs in Standard, Mini, and Micro measurements.

Forex Pips Value

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Pair	Price	Standard	Mini	Micro	Value
AUD/CAD	0.8943	$7.33	$0.73	$0.07	$0.00
AUD/CHF	0.5982	$10.95	$1.10	$0.11	$0.00
AUD/JPY	103.63	$6.32	$0.63	$0.06	$0.00
AUD/NZD	1.1010	$5.95	$0.60	$0.06	$0.00
AUD/USD	0.6551	$10.00	$1.00	$0.10	$0.00
CAD/JPY	115.87	$6.32	$0.63	$0.06	$0.00
CHF/JPY	173.22	$6.32	$0.63	$0.06	$0.00
EUR/AUD	1.6349	$6.55	$0.66	$0.07	$0.00
EUR/CAD	1.4622	$7.32	$0.73	$0.07	$0.00
EUR/CHF	0.9780	$10.95	$1.10	$0.11	$0.00
EUR/GBP	0.8558	$12.51	$1.25	$0.13	$0.00
EUR/JPY	169.40	$6.32	$0.63	$0.06	$0.00
EUR/NZD	1.8001	$5.95	$0.59	$0.06	$0.00
EUR/USD	1.0710	$10.00	$1.00	$0.10	$0.00
GBP/AUD	1.9106	$6.55	$0.66	$0.07	$0.00
GBP/CHF	1.1428	$10.95	$1.10	$0.11	$0.00
GBP/JPY	197.98	$6.32	$0.63	$0.06	$0.00
GBP/USD	1.2516	$10.00	$1.00	$0.10	$0.00
NZD/JPY	94.12	$6.32	$0.63	$0.06	$0.00
NZD/USD	0.5950	$10.00	$1.00	$0.10	$0.00
USD/CAD	1.3653	$7.32	$0.73	$0.07	$0.00
USD/CHF	0.9131	$10.95	$1.10	$0.11	$0.00
USD/JPY	158.19	$6.32	$0.63	$0.06	$0.00

Additional FAQ

What are fractional pips?

"Fractional pips", "pipettes", or "points" is the five-digit pricing (or three-digit in the case of JPY pairs).

Continue Reading at Forex Trading: 10 Things Beginners Must Know

Are there any genuine 1 pip fixed spread forex brokers?

There are none. Some brokers may offer fixed spread accounts, but they cannot guarantee a 1 pip fixed spread on all forex pairs as the market changes from time to time. Here are seven (7) fixed spread forex brokers and their current rates (as of April 28, 2023):

Continue Reading at 1 Pip Fixed Spread Forex Brokers: Are There Any?

What is the abbreviation for pips?

A pip stands for "percentage in points" and represents the smallest price change. We can also say that pip is a unit of measurement that shows the price changes between two different currencies.

In forex trading, pips typically represent the fourth number after the decimal point (0.0001).

Continue Reading at Forex Trading: 10 Things Beginners Must Know

How to calculate profit with pips?

Let's say you want to trade USD/CAD at a broker that provides four-digit quotes. Suppose the exchange rate for USD/CAD is 1.0200. It means that a change of 1 pip means a change of 0.0001 CAD. So, the dollar value per pip per unit traded:

= (0.0001 CAD) x (1 USD/1.0200 CAD)
= (0.0001 CAD/1.0200 CAD) x 1 USD
= 0.0009804 USD per unit

Therefore, if you trade 1 mini lot in the USD/CAD pair (1 mini lot = 10,000 USD), then the dollar value per pip is approximately 0.98 USD.

Continue Reading at Forex Trading: 10 Things Beginners Must Know