How much is 1 pip worth in Forex trading?

The worth of 1 pip in Forex trading is determined by the trading lot size and the currency pair.

If you’re just looking for a quick answer, here it is:

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1 standard lot = 10 units of the base currency per pip
1 mini lot = 1 unit of the base currency per pip
1 micro lot = 0.1 unit of the base currency per pip

  • So if you’re trading the EUR/USD for example,

1 standard lot = 10 USD per pip

1 mini lot = 1 USD per pip

1 micro lot = 0.1 USD per pip​

The same concept applies to all other currency pairs.

  • For example, if you’re trading the EUR/GBP,

1 standard lot = 10 pounds per pip

1 mini lot = 1 pound per pip

1 micro lot = 0.1 pound per pip​

  • The only exception is with the JPY pairs, where

1 standard lot = 1,000 yen per pip

1 mini lot = 100 yen per pip

1 micro lot = 10 yen per pip​

If you want to get the exact pip value based on a specific trading lot size, here’s a handy pip value calculator courtesy of investing.com:

The Pip Calculator is powered by Investing.com

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