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What is pip value?

We quote currency pairs by "5, 3 and 2" decimal places – also known as fractional pips or pipettes.

  • On a 5 decimal place currency pair a pip is 0.00010
  • On a 3 decimal place currency pair a pip is 0.010
  • On a 2 decimal place currency pair a pip is 0.10

For example: If GBP/USD moves from 1.51542 to 1.51552, that .00010 USD move higher is one pip.

When trading FX and other symbols, there are some easy rules to calculate the ‘pip-value’ of the trade so you can work out your potential gains and losses quickly.

  • When trading a ‘spot’ instrument, the pip value will always be in the second quoted symbol on the currency pair – so for EURAUD/USD, this means the pip value will be based in U.S. Dollars. This also applies to commodity pairs such as Gold (XAU/USD) – where the pip value will be based in USD.
  • For Indices, the point value will be based in the currency of the country that hosts that stock index; for instance, GER30 is traded in Europe which means that the point value is given in EUR (Euro); US500 is traded in the US, so the point value will be in US Dollars.

A list of all traded symbols and their pip values is shown below. The pip scales in direct proportion to the trade size – so a 2 lot trade will have twice the value per pip as a 1 lot trade.

Pip values

FX Pairs

FX pairs

Pip value per 1 standard lots

Pip value per 0.1 standard lots

Pip value per 0.01 standard lots

AUDCAD

10 CAD

1 CAD

0.10 CAD

AUDCHF

10 CHF

1 CHF

0.10 CHF

AUDJPY

1000 JPY

100 JPY

10 JPY

AUDNZD

10 NZD

1 NZD

0.10 NZD

AUDSGD

10 SGD

1 SGD

0.10 SGD

AUDUSD

10 USD

1 USD

0.10 USD

CADCHF

10 CHF

1 CHF

0.10 CHF

CADJPY

1000 JPY

100 JPY

10 JPY

CHFJPY

1000 JPY

100 JPY

10 JPY

CHFSGD

10 SGD

1 SGD

0.10 SGD

EURAUD

10 AUD

1 AUD

0.10 AUD

EURCAD

10 CAD

1 CAD

0.10 CAD

EURCHF

10 CHF

1 CHF

0.10 CHF

EURCZK

10 CZK

1 CZK

0.10 CZK

EURGBP

10 GBP

1 GBP

0.10 GBP

EURJPY

1000 JPY

100 JPY

10 JPY

EURNOK

10 NOK

1 NOK

0.10 NOK

EURNZD

10 NZD

1 NZD

0.10 NZD

EURPLN

10 PLN

1 PLN

0.10 PLN

EURSEK

10 SEK

1 SEK

0.10 SEK

EURSGD

10 SGD

1 SGD

0.10 SGD

EURTRY

10 TRY

1 TRY

0.10 TRY

EURUSD

10 USD

1 USD

0.10 USD

EURZAR

10 ZAR

1 ZAR

0.10 ZAR

GBPAUD

10 AUD

1 AUD

0.10 AUD

GPBCAD

10 CAD

1 CAD

0.10 CAD

GPBCHF

10 CHF

1 CHF

0.10 CHF

GPBJPY

1000 JPY

100 JPY

10 JPY

GBPNOK

10 NOK

1 NOK

0.10 NOK

GBPNZD

10 NZD

1 NZD

0.10 NZD

GBPSEK

10 SEK

1 SEK

0.10 SEK

GBPSGD

10 SGD

1 SGD

0.10 SGD

GBPTRY

10 TRY

1 TRY

0.10 TRY

GBPUSD

10 USD

1 USD

0.10 USD

NOKJPY

1000 JPY

100 JPY

10 JPY

NOKSEK

10 SEK

1 SEK

0.10 SEK

NZDCAD

10 CAD

1 CAD

0.10 CAD

NZDCHF

10 CHF

1 CHF

0.10 CHF

NZDJPY

1000 JPY

100 JPY

10 JPY

NZDUSD

10 USD

1 USD

0.10 USD

SEKJPY

1000 JPY

100 JPY

10 JPY

SGDJPY

10000 JPY

100 JPY

10 JPY

USDCAD

10 CAD

1 CAD

0.10 CAD

USDCHF

10 CHF

1 CHF

0.10 CHF

USDCNH

10 CNH

1 CNH

0.10 CNH

USDCZK

10 CZK

1 CZK

0.10 CZK

USDJPY

1000 JPY

100 JPY

10 JPY

USDMXN

10 MXN

1 MXN

0.10 MXN

USDNOK

10 NOK

1 NOK

0.10 NOK

USDPLN

10 PLN

1 PLN

0.10 PLN

USDSEK

10 SEK

1 SEK

0.10 SEK

USDSGD

10 SGD

1 SGD

0.10 SGD

USDTHB

10 THB

1 THB

0.10 THB

USDTRY

10 TRY

1 TRY

0.10 TRY

USDZAR

10 ZAR

1 ZAR

0.10 ZAR

ZARJPY

1000 JPY

100 JPY

10 JPY

Commodities

Commodities

Pip value per 1 standard lots

Pip value per 0.1 standard lots

Pip value per 0.01 standard lots

XTIUSD

10 USD

1 USD

0.10 USD

XBRUSD

10 USD

1 USD

0.10 USD

XAGUSD

50 USD

5 USD

0.50 USD

XAUUSD

10 USD

1 USD

0.10 USD

XAUEUR

10 EUR

1 EUR

0.10 EUR

XAGEUR

50 EUR

5 EUR

0.50 EUR

XNGUSD

10 USD

1 USD

0.10 USD

XPDUSD

10 USD

1 USD

0.10 USD

XPTUSD

10 USD

1 USD

0.10 USD

Indices

Indices

Point value per 1 standard lot

US500

1 USD

US30

1 USD

NAS100

1 USD

AUS200

1 AUD

EUSTX50

1 EUR

GER30

1 EUR

FRA40

1 EUR

IT40

1 EUR

SPA35

1 EUR

UK100

1 GBP

JPN225

100 JPY

HK50

1 HKD

US2000

1 USD

CN50

1 USD