Pip value calculator
Calculate pip value for your contract and volume. Convert it to account currency using a direct or inverse exchange rate.
Start with an example
Assume 150 JPY per 1 USD. Select inverse conversion and enter 150 instead of the fraction 1/150. Pip value for 1 lot = 1,000 JPY / 150 ≈ 6.67 USD.
Work through the calculations
Pip value → position size → margin → portfolio risk. Transfer with a button and confirm before applying on the next page.
Data from the previous step
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How the result is calculated
Position pip value = lots × contract size per lot × pip size. To convert to account currency, multiply by a direct rate or divide by an inverse rate. Per-lot pip value is calculated without multiplying by the position’s lots.
Worked example
Hypothetical example: 0.10 lot of EUR/USD × 100,000 EUR per lot × 0.0001 USD/EUR = 1 USD per position pip. At an assumed rate of 1 USD = 4 PLN, this is 4 PLN per position pip and 40 PLN per pip of 1.00 lot. The rate of 4 is for practice only.
Specifications and conventions: MetaQuotes: instrument specification
← Return to the article exerciseInputs before results
Where do I find this calculator’s inputs?
Gather the instrument specification, account settings and your own assumptions. Do not treat default values as your broker’s settings.
Conclusion: a 1 USD tick value does not mean a 1 USD pip per lot. Here a pip per lot is 10 USD; minimum, step and maximum are separate settings.
Contract and volume specification
Open the specification for the exact symbol and account type you will use. In MT5: Market Watch → symbol context menu → Specification. Read the contract size per 1 lot and the minimum, maximum and volume step.
100,000 base-currency units per lot is our example assumption. A position of 0.10 lot then represents 10,000 units. A 0.01 step does not establish the minimum or maximum; check all three settings.
Return to the form ↑Pip, point and value per 1 lot
First establish the pip size in price units. Separately check the quoted point and the minimum price increment (tick size). The number of decimal places alone does not give a pip’s cash value.
For our fictional EUR/USD, a 0.0001 pip is ten times the 0.00001 tick. With a 100,000 EUR contract and a USD account, a tick of 1 lot is worth 1 USD and a pip 10 USD. Enter 10 in a per-lot pip field, although a pip of a 0.10-lot position is worth 1 USD. Platform tick values can differ for a profit and a loss; check the direction, currency and current conditions.
Return to the form ↑Currency and conversion direction
Read account currency from account settings and quote currency from the pair: it is USD in EUR/USD. The conversion rate must connect the amount’s currency and account currency; also record the time and source of the quote.
Fictional 1 USD = 4 PLN: direct rate 4 converts 10 USD × 4 to 40 PLN. The same inverse quote is 1 PLN = 0.25 USD; 10 USD / 0.25 = 40 PLN. Enter 1 for identical currencies. Changing the currency label neither retrieves a rate nor converts the amounts you entered.
Return to the form ↑Check field meanings in the platform documentation: MetaQuotes: symbol properties · MetaQuotes: opening symbol specification