Pip value

With a similar contract, the Pip don't have the same value on every currency pairs. the formula is:

S: Size of the contract
dPIP: pip definition (0.0001, 0.001...)
XXX: the first currency
YYY: the second currency

the value of the Pip for the pair XXX/YYY = S * dPIP * YYY/USD

The following table is updated in realtime.

Pair Pip value (USD) Pip value (EUR) Pip value (GBP)
AUDCAD 7.69 6.46 5.76
AUDCHF 11.00 9.25 8.24
AUDHKD 1.29 1.08 0.97
AUDJPY 9.59 8.06 7.19
AUDNZD 7.00 5.88 5.24
AUDSGD 7.47 6.28 5.60
AUDUSD 10.00 8.41 7.49
CADCHF 11.00 9.25 8.24
CADHKD 1.29 1.08 0.97
CADJPY 9.59 8.06 7.19
CADSGD 7.47 6.28 5.60
CHFHKD 1.29 1.08 0.97
CHFJPY 9.59 8.06 7.19
CHFZAR 0.66 0.55 0.49
EURAUD 7.36 6.19 5.51
EURCAD 7.69 6.46 5.76
EURCHF 11.00 9.25 8.24
EURCZK 0.46 0.38 0.34
EURDKK 1.60 1.34 1.20
EURGBP 13.35 11.22 10.00
EURHKD 1.29 1.08 0.97
EURHUF 3.29 2.77 2.47
EURJPY 9.59 8.06 7.19
EURNOK 1.12 0.95 0.84
EURNZD 7.00 5.88 5.24
EURPLN 2.66 2.23 1.99
EURSEK 1.17 0.99 0.88
EURSGD 7.47 6.28 5.60
EURTRY 1.27 1.07 0.95
EURUSD 10.00 8.41 7.49
EURZAR 0.66 0.55 0.49
GBPAUD 7.36 6.19 5.51
GBPCAD 7.69 6.46 5.76
GBPCHF 11.00 9.25 8.24
GBPHKD 1.29 1.08 0.97
GBPJPY 9.59 8.06 7.19
GBPNZD 7.00 5.88 5.24
GBPPLN 2.66 2.23 1.99
GBPSGD 7.47 6.28 5.60
GBPUSD 10.00 8.41 7.49
GBPZAR 0.66 0.55 0.49
HKDJPY 0.10 0.08 0.07
NZDCAD 7.69 6.46 5.76
NZDCHF 11.00 9.25 8.24
NZDHKD 1.29 1.08 0.97
NZDJPY 9.59 8.06 7.19
NZDSGD 7.47 6.28 5.60
NZDUSD 10.00 8.41 7.49
SGDCHF 11.00 9.25 8.24
SGDHKD 1.29 1.08 0.97
SGDJPY 9.59 8.06 7.19
TRYJPY 9.59 8.06 7.19
USDCAD 7.69 6.46 5.76
USDCHF 11.00 9.25 8.24
USDCNH 1.52 1.28 1.14
USDCZK 0.46 0.38 0.34
USDDKK 1.60 1.34 1.20
USDHKD 1.29 1.08 0.97
USDHUF 3.29 2.77 2.47
USDINR 13.55 11.40 10.15
USDJPY 9.59 8.06 7.19
USDMXN 0.50 0.42 0.37
USDNOK 1.12 0.95 0.84
USDPLN 2.66 2.23 1.99
USDSAR 2.67 2.24 2.00
USDSEK 1.17 0.99 0.88
USDSGD 7.47 6.28 5.60
USDTHB 33.00 27.75 24.72
USDTRY 1.27 1.07 0.95
USDZAR 0.66 0.55 0.49
ZARJPY 9.59 8.06 7.19

When one takes a contract (or a trade or a position) on a currency pair, the pips do not necessarily have the same value.
This essentially depends:

  • on the size of the contract (i.e. the number of units of a currency pair)
  • the definition of the pip, which is not always the same depending on the pair selected (e.g. the pip for the EUR/USD = 0.0001, the pip for the EUR/JPY = 0.001)

The exact formula is the following:
z pip XXX/YYY =z* S * dPIP expressed in currency YYY
Where

  • z = number of pips as a gain or loss
  • S = size of the contract = no. of units of pair XXX/YYY
  • dPIP: the definition of the pip based on the pair XXX/YYY

For example, if you took out a contract for 100,000 EUR/CHF and you won 60 pips, you have therefore won: 60 * 100,000 * 0.0001 = CHF 600. If you want the result in EUR, it is necessary to multiply this amount by the unitary CHF/EUR rate.
In the following formula, you can enter the size of the contract as well as the number of pips which you made as a gain or loss during your trade.
You can also choose the currency in which you want the result to be given.

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