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Spread & Pip Calculator
Know the true value of every pip before you trade. Our free calculator covers pip value, spread cost, and profit/loss for 20+ currency pairs and all lot sizes.
Understanding Pips & Spreads
Key concepts every forex trader needs to know before opening a position.
What is a Pip?
A pip (percentage in point) is the smallest standard price move in forex. For most pairs it is 0.0001 (the 4th decimal place). For JPY pairs it is 0.01 (the 2nd decimal place).
Understanding Pip Value
Pip value tells you in dollar terms how much each pip movement is worth. On a standard EUR/USD lot, one pip equals exactly $10 — a number every trader should know before sizing a position.
How Spread Affects Your P&L
Every trade starts slightly in the red because of the spread — the gap between buy and sell price. A tighter spread means less cost to overcome before your trade turns profitable.
Choosing the Right Lot Size
Lot size directly controls your exposure. Standard (100K), Mini (10K), Micro (1K), and Nano (100 units) each give different pip values, letting you fine-tune risk for any account size.
Step-by-Step Guide
Pick a currency pair, choose your lot type, and set your position size or pip movement. Hit Calculate — results show your pip value, spread cost, or projected P&L in seconds.
Smart Position Sizing
Capping risk at 1–2% of capital per trade is a cornerstone of professional trading. Use the pip value output here to back-calculate your position size before you ever hit the market.
Pip Values by Currency Pair
Standard lot (100,000 units) pip values in USD account.
| Pair | Pip Size | Pip Value (Standard) | Pip Value (Mini) | Pip Value (Micro) | Avg Spread |
|---|---|---|---|---|---|
 EUR/USD | 0.0001 | $10.00 | $1.00 | $0.10 | 0.9 pips |
 GBP/USD | 0.0001 | $10.00 | $1.00 | $0.10 | 1.2 pips |
 USD/JPY | 0.01 | $9.10 | $0.91 | $0.09 | 0.8 pips |
 USD/CHF | 0.0001 | $10.80 | $1.08 | $0.11 | 1.5 pips |
 AUD/USD | 0.0001 | $10.00 | $1.00 | $0.10 | 1.1 pips |
 NZD/USD | 0.0001 | $10.00 | $1.00 | $0.10 | 1.8 pips |
 USD/CAD | 0.0001 | $7.40 | $0.74 | $0.07 | 1.5 pips |
| EUR/GBP | 0.0001 | $12.70 | $1.27 | $0.13 | 1.3 pips |
| EUR/JPY | 0.01 | $9.10 | $0.91 | $0.09 | 1.5 pips |
| GBP/JPY | 0.01 | $9.10 | $0.91 | $0.09 | 2.5 pips |
| EUR/CHF | 0.0001 | $10.80 | $1.08 | $0.11 | 2 pips |
| AUD/JPY | 0.01 | $9.10 | $0.91 | $0.09 | 2 pips |
| GBP/AUD | 0.0001 | $6.50 | $0.65 | $0.07 | 2.8 pips |
| EUR/AUD | 0.0001 | $6.50 | $0.65 | $0.07 | 2.2 pips |
 USD/SGD | 0.0001 | $7.30 | $0.73 | $0.07 | 2.5 pips |
| XAU XAU/USD (Gold) | 0.01 | $1.00 | $0.10 | $0.01 | 2.5 pips |