Want to know the pip value of a currency pair? Let this tool calculate and determine the pip value of Currency Pairs, Stocks, Indices, Cryptocurrency, Commodities etc
What is a Pip Value Calculator ?
The Pip Value Calculator will help you calculate and determine the value of pips for the currency pair you are trading. This is because of the fact that all currency pairs have a different pip value due to differences in exchange rates.
This Pip Value Calculator will allow you to effectively manage your risk on each trade!
Here’s how to use the Pip Value Calculator
1. Instrument: Select the type of instrument you want to calculate its pip value. You may choose from major forex crosses, minors, exotics, cryptocurrencies, and commodities such as gold, silver, and oil.
Let’s use the USD/CAD as an example.
2. Pips: How many pips do you want to calculate their value? Input the number of pips
Let’s use 20 pips as an example. This means we want to find the value of 20 pips of USD/CAD
3.Lots(Trade Size): Input the lot size you will be using to find the value of 20pips
e.g Let’s say I want to catch 20 pips of on USDCAD buy trade so I want to find out how much will I get if I use a certain lot size. I will use lot size 0.1 as an example.
4. Deposit Currency: Which currency do you want to receive the value of pips in? This calculator will provide you with many different deposit currencies or account base currency such as USD, EUR, ZAR, GBP, BTC etc
Let’s use GBP as an example. This means that we want to find calculate the value of 20 pips of USD in Pounds.
5.Results: To find the result click “Calculate” on the button then the calculator will use the values you have entered to calculate the pip value .
Note: The pip value changes everyday depending on the exchange rate of the instruments.
This is a Pip Value Calculator for :
1.Forex (Currency Pairs) like EURUSD , GPUSD , GBPJPY etc.
2.Indices such as Nasdaq (Nas 100) and Dow Jones (US30)
3.Comodities such as Gold(XAU) and Silver
4.Crypocurrency such as XRP and Shiba inu