What is a pip?

A pip is a unit of measurement used to convey the change in value of a currency pair. For FX pairs with 5 decimal places, a pip is the 4th decimal place, and for pairs with 3 decimal places it is the 2nd. You can calculate the value of a pip using the pip calculator in your secure client area.

Tip: A pip is always the second last number on any instrument.

Couldn't find what you were looking for?

Get in touch via email, help desk or live chat below.