Pip Value & Profit/Loss Calculator
Free pip value calculator: find what one pip is worth on your lot size and the profit or loss for any number of pips, in your account currency — JPY pairs included.
A pip is the smallest standard move in a currency pair — but what it's worth depends on your lot size and account currency. Enter your position and a move in pips to see the value per pip and the resulting profit or loss.
QuantDojo · Free tool
Pip Value & Profit/Loss
What one pip is worth on your position — and the profit or loss for a given move, in your account currency.
How it works: pip value = pip size × units × (quote→account rate) · P/L = pip value × pips. Units = lots × lot size. Leave the rate at 1 when your account currency is the pair's quote currency (e.g. a USD account on EUR/USD). For a USD account on USD/JPY, the rate is 1 ÷ the USD/JPY price.
Educational tool — not financial advice. Pip value for cross/exotic pairs depends on live FX rates; use the quote→account rate to convert into your account currency.
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How to use the pip value calculator
- Enter your position size in lots and pick the lot size (standard 100,000 / mini 10,000 / micro 1,000 units).
- Choose the pair type — a pip is
0.0001for most pairs but0.01for JPY pairs. - Enter the move in pips (use a negative number for a loss).
- If your account currency is the same as the pair's quote currency, leave the quote→account rate at 1. Otherwise set it to convert the quote currency into your account currency.
The calculator returns the value of one pip on your position and the profit or loss for that move — both in your account currency.
Frequently asked questions
What is a pip worth?
A pip's value depends on your position size and the pair. For one standard lot (100,000 units) on a non-JPY pair, a pip is worth 10 units of the quote currency — so $10 on EUR/USD. Scale it down for mini and micro lots: $1 and $0.10 respectively.
How is pip value calculated?
pip value = pip size × units × (quote→account rate), where units = lots × lot size. The pip size is 0.0001 for standard pairs and 0.01 for JPY pairs. The quote→account rate converts the quote currency into your account currency (it's 1 when they're the same).
Why is the pip value different for JPY pairs?
JPY pairs are quoted to two decimals instead of four, so a pip is 0.01 rather than 0.0001. That makes the raw per-pip amount 100× larger in the quote currency (e.g. 1,000 JPY per pip on one standard lot) — which is why you convert it back to your account currency.
How do I get the quote→account rate for a cross pair?
It's the price of "1 unit of the quote currency in your account currency". For a USD account trading USD/JPY, the quote currency is JPY, so the rate is 1 ÷ USD/JPY price (≈ 0.0067 at 150). For EUR/GBP with a USD account, it's the GBP/USD price.
Pip value tells you what a move is worth — it says nothing about whether your strategy makes money over time. Before you size up, check whether your edge is real with quantcheck.