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Forex Pip Calculator

How to use Pip calculator?

This calculator allows you to calculate the pip value in case of profit or loss. All you need to do is select the pair and the contract size, noting that the contract size is chosen in the usual way: 1 contract = a standard lot of 100,000 units, 0.1 contract = a mini lot of 10,000 units, and so on.

First: If the dollar is the counter currency, the pip value is calculated using the following equation:

If the exchange rate of the pair (EUR/USD) = 1.2000, and the contract size is 100,000, the pip value is calculated as follows:
Point value in Euros = (0.0001÷1.2000) x 100,000 = 8.333 Euros
But profits and losses are calculated in dollars, not euros, and therefore we have to convert euros into dollars by simply multiplying by the exchange rate, which in this case is (1.2000) as follows:
Point value in dollars = 8.333 x 1.2000 = $10.
For this reason, when the dollar is the counter currency, the point price in US dollars is always fixed as follows


  • In case of a standard contract, the point equals $10.
  • In case of a mini contract, the point equals 1
  • In case of a micro contract, the pip is equal to 0.1 dollars, or 10 cents.

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