Source: https://whitepips.com/tools/pip-value-calculator Summary: Free pip value calculator for forex pairs and gold: the dollar value of one pip for any lot size, and the profit or loss for a move in pips. Last updated: 2026-10-28 # Pip value calculator What one pip is worth in US dollars for any lot size, and what a move of so many pips makes or loses. One standard lot of a USD-quoted pair is $10 a pip. - **100,000** units in one standard lot - **0.0001** one pip on most pairs, 0.01 on yen pairs - **$10** a 0.10 move on 1.00 lot of gold Your figures Instrument Lot size _lots_ Move _pips_ Lot size Move One standard lot is 100,000 units; a mini lot (0.10) is 10,000 and a micro lot (0.01) is 1,000. Prices move, so a converted pip value moves with them. The result One pip at this size **—** One pip by lot size 0.01 **—** 0.10 **—** 1.00 **—** Yours **—** One pip on 1.00 lot **—** The move in dollars **—** Pip size **—** ## How it is calculated Pip value = pip size × units ÷ price (when the dollar is the base) or × the quote currency in dollars (on a cross) ### Find the pip size A pip is the standard unit a currency price moves in: the fourth decimal place on most pairs (0.0001) and the second on yen pairs (0.01). On gold most traders call a 0.10 move a pip. ### Multiply by the units One standard lot = 100,000 units, a mini lot (0.10) = 10,000, a micro lot (0.01) = 1,000. EURUSD, 1.00 lot: 0.0001 × 100,000 = $10 a pip. ### Convert to dollars When the dollar is the base, divide by the price: USDJPY at 150.00 is 0.01 × 100,000 ÷ 150 = $6.67. On a cross, multiply by the quote currency in dollars: EURGBP with GBPUSD at 1.30 is $10 × 1.30 = $13. ### Pip value per 1.00 lot, by pair USD is the quote **$10** (EURUSD, GBPUSD, AUDUSD, NZDUSD) USD is the base **$10 ÷ price** (USDCAD, USDCHF) Yen pairs **1,000 ÷ USDJPY** (about $6.67 at 150) Crosses **$10 × quote in USD** (EURGBP, AUDCAD) Gold **$10 per 0.10** (100 oz a lot; a $1 move is $100) Worked example ### One pip on one lot, pair by pair The same arithmetic on the pairs traders ask about most, at the prices in the examples. Prices move, so a converted pip value moves with them. Contract sizes on forex and gold are standard across MT5 servers; for indices, oil and crypto CFDs check the symbol's specification in MetaTrader 5 (right-click the symbol, Specification) before you size a trade. EURUSD **$10.00** (0.0001 × 100,000) USDJPY at 150.00 **$6.67** (0.01 × 100,000 ÷ 150) USDCAD at 1.3500 **$7.41** (0.0001 × 100,000 ÷ 1.35) EURGBP, GBPUSD at 1.30 **$13.00** ($10 × 1.30) XAUUSD, 100 oz **$10.00** (per 0.10; a $1 move is $100) The WhitePips rule it meets ### Commission per lot On WhitePips CFD accounts commission is charged per lot, round turn: forex $5 on Edge and Instant and $4 on Prime, metals $6 and $5, energy $6; indices and stocks are free. It is charged half on the open and half on the close, on top of the pip value here. [The rule, explained](https://whitepips.com/rules#rule-cfd-commission) [Every symbol and its commission](https://whitepips.com/symbols) For education. The results are arithmetic on the figures you enter; the contract specification, prices and commission on your platform decide real results. Nothing here is financial advice, and trading leveraged products can lose money. ## Pip value calculator: questions **How much is one pip worth on one lot?** $10 on any pair quoted in US dollars (EURUSD, GBPUSD, AUDUSD, NZDUSD). On other pairs it is converted: about $6.67 on USDJPY at 150, about $7.41 on USDCAD at 1.35. **What is the difference between a pip and a point?** On a five-digit MT5 quote a point is one tenth of a pip: EURUSD moving from 1.10000 to 1.10010 is 10 points, which is 1 pip. MT5 measures stops and spreads in points. **What is a pip on gold?** Most traders call a 0.10 move on XAUUSD a pip. With 100 ounces in a lot, that is $10 per lot, and a $1 move is $100 per lot. **Why is my pip value different from the calculator?** Prices move, so a converted pip value moves with them, and some brokers use a different contract size on CFDs. The figure on your platform is the one that counts. ## More free tools [Risk **Position size calculator** Lots to trade from your balance, risk per trade and stop loss, set against a plan's daily and max loss. Open the tool](https://whitepips.com/tools/position-size-calculator) [Risk **Risk-reward calculator** R multiple, breakeven win rate and expectancy from entry, stop and target. Open the tool](https://whitepips.com/tools/risk-reward-calculator) [Markets **Futures tick value calculator** P&L for any move on ES, NQ, CL, GC and their micros, against your plan's limits. Open the tool](https://whitepips.com/tools/futures-tick-value-calculator) Read next [Pip value explained](https://whitepips.com/blog/pip-value-explained) [Position sizing against a loss limit](https://whitepips.com/blog/sizing-against-the-limit) [Setting up MT5](https://whitepips.com/blog/metatrader-5-for-prop-trading) [Every symbol and its commission](https://whitepips.com/symbols) ## Put the numbers to work Every plan, size and price, with the rules printed before you buy. No time limit on any evaluation. [See the plans](https://whitepips.com/#plans) [Trading calculator](https://whitepips.com/calculator) --- WhitePips provides skill-based trading evaluations on simulated accounts; payouts are real money based on simulated performance. Nothing here is financial advice or a promise of profit, passing an evaluation does not guarantee funding, payouts or income, and trading leveraged products carries significant risk. Not offered in the restricted jurisdictions listed at https://whitepips.com/legal/restricted-jurisdictions.