Value per pip changes in accordance to the mark-to-market currency price for the indirect currency pairs.

To calculate your pip value simply select your Currency Pair from the drop list, enter the Contract Size and the Ask Price and push the Calculate button.

What is Pip?Pip (or Points) is the term used in currency market to represent the smallest incremental move an exchange rate can make. Depending on context, normally one basis point (0.0001 in the case of EUR/USD, GBD/USD, USD/CHF and .01 in the case of USD/JPY).

What is Contract Size?Contract or Lot is the standard unit of trading on certain exchanges.

What is a lot?In the currency market, contract sizes are referred to as lots. A standard contract is equal to $100,000 USD. A trader placing a 4 lot trade is thus trading $400,000 dollars in the market. Because most traders are using margin, standard lots are typically controlled with $1,000 (100:1 leverage). The above contract sizes are listed in order to determine Pip values based on the contract size you are trading. As you likely know, many currency brokers now offer ʽminiʼ or even micro lots. Mini contracts are simply 10% the size of a standard lot, a micro contract would thus be 10% the size of a mini contract.