# Pip value

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.

Calculate the value of
pips / \$
PairPip value (USD)Pip value (EUR)Pip value (GBP)
AUDCHF9.699.166.44
AUDJPY8.147.695.41
AUDNZD6.556.194.35
AUDUSD109.456.65
CHFJPY8.147.695.41
EURAUD7.196.794.78
EURCHF9.699.166.44
EURGBP15.0314.29.99
EURJPY8.147.695.41
EURNOK1.151.090.76
EURNZD6.556.194.35
EURTRY3.413.222.27
EURUSD109.456.65
GBPAUD7.196.794.78
GBPCHF9.699.166.44
GBPJPY8.147.695.41
GBPNZD6.556.194.35
GBPUSD109.456.65