Pip Value Calculator | Gold (XAUUSD), Forex & NAS100

Educational pip and point values for gold (XAUUSD), NAS100, EURUSD, GBPUSD, and JPY pairs. You type any other conversion rate. No live quotes, and this is not your broker's contract.

GBPUSD pip value for a micro lot

A micro lot is 0.01. With a US-dollar account, one pip on a GBPUSD standard lot is $10, so a micro lot is $0.10 per pip. Choose GBP/USD, set the size to 0.01, and leave the account on USD. If the account is not US dollars, type the conversion rate in the field that appears. The figure is an education estimate, not your broker's contract, and this page does not use a live quote.

Pip value

$10.00Your size
In USD$10.00
per standard lot$10.00
Mini lot (0.1)$1.00
Micro lot (0.01)$0.10
Pip size0.0001

Education only. Not your broker's contract specification.

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Global Currency Pair & Gold Pip Value Benchmark Matrix

Standardized pip values in USD for standard lots (100,000 units) and micro lots (1,000 units).

Currency / Commodity Pair1 Pip Value1 Standard Lot Pip Value1 Micro Lot Pip ValueQuote Currency Type
EUR/USD0.0001$10.00$0.10USD (Fixed)
GBP/USD0.0001$10.00$0.10USD (Fixed)
USD/JPY0.01~$6.67 (at 150.00)~$0.067JPY (Floating)
USD/CAD0.0001~$7.30 (at 1.37)~$0.073CAD (Floating)
USD/CHF0.0001~$11.36 (at 0.88)~$0.114CHF (Floating)
XAU/USD (Gold)0.10$10.00$0.10USD

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Frequently Asked Questions About Pip Value Calculation

Everything you need to know about pips, pipettes, and exchange rate conversions.

What is a pip in forex and how is it measured?▾
A pip stands for 'percentage in point'. For standard 4-decimal currency pairs (such as EUR/USD or GBP/USD), 1 pip equals 0.0001 in price. For Japanese Yen pairs (such as USD/JPY or EUR/JPY), 1 pip equals 0.01 in price. For Spot Gold (XAU/USD), 1 pip equals 0.10 in price.
How is pip value calculated when USD is the base currency (USD/JPY, USD/CAD, USD/CHF)?▾
When USD is the base currency, pip value in USD changes dynamically with the exchange rate: Pip Value = (1 Pip / Current Exchange Rate) × Lot Units. For example, in USD/JPY with an exchange rate of 150.00: (0.01 / 150.00) × 100,000 = $6.67 per standard lot.
Why does the pip value of EUR/USD stay fixed at exactly $10 per standard lot?▾
Because the quote currency (the second currency in the pair) is US Dollars. One pip movement (0.0001) across 100,000 units equals exactly: 0.0001 × 100,000 = $10.00 USD, regardless of whether EUR/USD is trading at 1.05 or 1.20.
What is a pipette or fractional pip?▾
A pipette is one-tenth (1/10) of a pip, displayed as the 5th decimal place on major pairs (e.g., 1.08505) or the 3rd decimal place on JPY pairs (e.g., 152.345). Most modern ECN and STP brokers quote in pipettes to provide tighter fractional spreads.
How do I calculate pip value for cross-currency pairs (e.g., EUR/GBP or GBP/JPY)?▾
First calculate the pip value in the quote currency (e.g., GBP in EUR/GBP is £10 per standard lot). Then convert that £10 into your account currency (USD) by multiplying by the current GBP/USD exchange rate (£10 × 1.30 = $13.00 USD).

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