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Pip Value Calculator
Calculate the value of a pip for forex trading pairs
Enter Trade Details
Select your currency pair and position size
Standard lot = 100,000 units, Mini lot = 10,000 units, Micro lot = 1,000 units
Current exchange rate to convert pip value to ZAR
Enter your position details to calculate pip value
What is a Pip?
Definition
A "pip" (percentage in point) is the smallest price move in forex trading. For most pairs, it's the 4th decimal place (0.0001). For JPY pairs, it's the 2nd decimal place (0.01).
Lot Sizes
• Standard Lot: 100,000 units
• Mini Lot: 10,000 units
• Micro Lot: 1,000 units
Example
If EUR/USD moves from 1.1000 to 1.1010, that's a 10 pip movement. With 1 standard lot, each pip is worth about $10, so that's a $100 move.