A pip is the smallest standard price movement in a currency pair — typically 0.0001 for most pairs and 0.01 for JPY pairs.

How is pip value calculated?

Pip value (in the quote currency) = pip size × contract size × lots. A standard lot is 100,000 units for FX, 100 oz for gold.

What is the pip value for XAUUSD?

For gold, 1 pip is $0.01 movement and the contract is 100 oz — so 1 pip on 1.0 lot equals $1.00 USD.

Yes — pip value in your account currency changes with the exchange rate between the quote currency and your account currency.

Calculate pip value in the quote currency for any forex pair, metal or crypto — instant, no sign-up.

InstrumentLot size (standard lots)

Pip value (per 1 pip)

10.00 USD

pip size 0.0001 × contract 100,000 × 1 lots