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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 0.9090 $7.34 $0.73 $0.07 $0.00
AUD/CHF 0.6052 $11.03 $1.10 $0.11 $0.00
AUD/JPY 103.73 $6.43 $0.64 $0.06 $0.00
AUD/NZD 1.0909 $6.12 $0.61 $0.06 $0.00
AUD/USD 0.6673 $10.00 $1.00 $0.10 $0.00
CAD/JPY 114.12 $6.43 $0.64 $0.06 $0.00
CHF/JPY 171.40 $6.43 $0.64 $0.06 $0.00
EUR/AUD 1.6279 $6.67 $0.67 $0.07 $0.00
EUR/CAD 1.4797 $7.34 $0.73 $0.07 $0.00
EUR/CHF 0.9851 $11.03 $1.10 $0.11 $0.00
EUR/GBP 0.8578 $12.66 $1.27 $0.13 $0.00
EUR/JPY 168.86 $6.43 $0.64 $0.06 $0.00
EUR/NZD 1.7758 $6.12 $0.61 $0.06 $0.00
EUR/USD 1.0863 $10.00 $1.00 $0.10 $0.00
GBP/AUD 1.8979 $6.67 $0.67 $0.07 $0.00
GBP/CHF 1.1484 $11.03 $1.10 $0.11 $0.00
GBP/JPY 196.87 $6.43 $0.64 $0.06 $0.00
GBP/USD 1.2665 $10.00 $1.00 $0.10 $0.00
NZD/JPY 95.09 $6.43 $0.64 $0.06 $0.00
NZD/USD 0.6117 $10.00 $1.00 $0.10 $0.00
USD/CAD 1.3622 $7.34 $0.73 $0.07 $0.00
USD/CHF 0.9068 $11.03 $1.10 $0.11 $0.00
USD/JPY 155.45 $6.43 $0.64 $0.06 $0.00

Additional FAQ

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

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

"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

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):

  1. AvaTrade
  2. easyMarkets
  3. FBS
  4. FIBO Group
  5. FxPro
  6. HYCM
  7. Rakuten Securities Australia

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