Account Base Currency

Converted Currency

How it works:

All you need is your base currency, the currency pair you are trading on, account type and your position size in order to calculate the value of a pip.

The calculation is performed as follows:

 

Pip Value in USD = (One Pip / Exchange Rate) * Lot Size

Exchange rate is the conversion rate of Quote Currency to account based currency chosen.

 

Example:

One Pip: 0.0001
Account Base Currency: USD
Currency Pair: CADCHF 
Exchange Rate: 1.01883 (USD/CHF)
Lot Size: 1 Lot (100,000)

Pip Value in CHF = 0.0001 * 100,000
Each Pip is worth 10CHF

Pip Value in USD = 0.0001 / 1.01883 * 100,000
Each Pip is worth 9.81USD

 

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