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 | 7.29 | 6.77 | 5.97 |
| AUDCHF | 10.84 | 10.07 | 8.87 |
| AUDHKD | 1.27 | 1.18 | 1.04 |
| AUDJPY | 7.55 | 7.01 | 6.18 |
| AUDNZD | 6.19 | 5.75 | 5.07 |
| AUDSGD | 7.48 | 6.95 | 6.12 |
| AUDUSD | 10.00 | 9.29 | 8.18 |
| CADCHF | 10.84 | 10.07 | 8.87 |
| CADHKD | 1.27 | 1.18 | 1.04 |
| CADJPY | 7.55 | 7.01 | 6.18 |
| CADSGD | 7.48 | 6.95 | 6.12 |
| CHFHKD | 1.27 | 1.18 | 1.04 |
| CHFJPY | 7.55 | 7.01 | 6.18 |
| CHFZAR | 0.54 | 0.50 | 0.44 |
| EURAUD | 6.67 | 6.19 | 5.46 |
| EURCAD | 7.29 | 6.77 | 5.97 |
| EURCHF | 10.84 | 10.07 | 8.87 |
| EURCZK | 0.45 | 0.42 | 0.37 |
| EURDKK | 1.45 | 1.34 | 1.18 |
| EURGBP | 12.22 | 11.35 | 10.00 |
| EURHKD | 1.27 | 1.18 | 1.04 |
| EURHUF | 2.77 | 2.57 | 2.27 |
| EURJPY | 7.55 | 7.01 | 6.18 |
| EURNOK | 0.95 | 0.88 | 0.78 |
| EURNZD | 6.19 | 5.75 | 5.07 |
| EURPLN | 2.30 | 2.14 | 1.88 |
| EURSEK | 0.97 | 0.90 | 0.79 |
| EURSGD | 7.48 | 6.95 | 6.12 |
| EURTRY | 0.53 | 0.49 | 0.43 |
| EURUSD | 10.00 | 9.29 | 8.18 |
| EURZAR | 0.54 | 0.50 | 0.44 |
| GBPAUD | 6.67 | 6.19 | 5.46 |
| GBPCAD | 7.29 | 6.77 | 5.97 |
| GBPCHF | 10.84 | 10.07 | 8.87 |
| GBPHKD | 1.27 | 1.18 | 1.04 |
| GBPJPY | 7.55 | 7.01 | 6.18 |
| GBPNZD | 6.19 | 5.75 | 5.07 |
| GBPPLN | 2.30 | 2.14 | 1.88 |
| GBPSGD | 7.48 | 6.95 | 6.12 |
| GBPUSD | 10.00 | 9.29 | 8.18 |
| GBPZAR | 0.54 | 0.50 | 0.44 |
| HKDJPY | 0.08 | 0.07 | 0.06 |
| NZDCAD | 7.29 | 6.77 | 5.97 |
| NZDCHF | 10.84 | 10.07 | 8.87 |
| NZDHKD | 1.27 | 1.18 | 1.04 |
| NZDJPY | 7.55 | 7.01 | 6.18 |
| NZDSGD | 7.48 | 6.95 | 6.12 |
| NZDUSD | 10.00 | 9.29 | 8.18 |
| SGDCHF | 10.84 | 10.07 | 8.87 |
| SGDHKD | 1.27 | 1.18 | 1.04 |
| SGDJPY | 7.55 | 7.01 | 6.18 |
| TRYJPY | 7.55 | 7.01 | 6.18 |
| USDCAD | 7.29 | 6.77 | 5.97 |
| USDCHF | 10.84 | 10.07 | 8.87 |
| USDCNH | 1.45 | 1.35 | 1.19 |
| USDCZK | 0.45 | 0.42 | 0.37 |
| USDDKK | 1.45 | 1.34 | 1.18 |
| USDHKD | 1.27 | 1.18 | 1.04 |
| USDHUF | 2.77 | 2.57 | 2.27 |
| USDINR | 12.01 | 11.15 | 9.83 |
| USDJPY | 7.55 | 7.01 | 6.18 |
| USDMXN | 0.54 | 0.50 | 0.44 |
| USDNOK | 0.95 | 0.88 | 0.78 |
| USDPLN | 2.30 | 2.14 | 1.88 |
| USDSAR | 2.67 | 2.48 | 2.18 |
| USDSEK | 0.97 | 0.90 | 0.79 |
| USDSGD | 7.48 | 6.95 | 6.12 |
| USDTHB | 29.01 | 26.94 | 23.74 |
| USDTRY | 0.53 | 0.49 | 0.43 |
| USDZAR | 0.54 | 0.50 | 0.44 |
| ZARJPY | 7.55 | 7.01 | 6.18 |
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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