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Pip Value Calculator
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Pip is the smallest price change of the instrument. Usually it is the 4th digit in the quotation (for instruments containing JPY it is the 2nd digit). Pip value changes as currency rates fluctuate.

This calculator will help you understand the value of the pip depending on your account type, instrument and volume traded. You may need to know the value of the pip for risk-management purposes. Thus you can quickly estimate your potential profit from minimum price increment as well as the value of your expenses (spread or commission).