📐 Pip Value Calculator

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📊 Pip Value Reference Table — AUD Account, Standard Lot (1.0)
Pair Pip Size Contract Size Pip Value (AUD) * 10 Pips (AUD) 50 Pips (AUD)

* Values calculated at AUD/USD ≈ 0.6500. Use the calculator above with the live rate for precise figures.

📚 What Is a Pip? How Pip Value Is Calculated

What Is a Pip?

A pip (Percentage in Point) is the smallest standard price movement in a currency pair. For most pairs it is the 4th decimal place (0.0001). For JPY pairs it is the 2nd decimal place (0.01). For gold (XAU/USD) it is also 0.01 — representing one cent per troy ounce.

Pip Size by Instrument

  • → Most forex pairs (EUR/USD, GBP/USD, AUD/USD…): 1 pip = 0.0001
  • → JPY pairs (USD/JPY, EUR/JPY…): 1 pip = 0.01
  • → Gold (XAU/USD): 1 pip = 0.01 (contract = 100 oz, not 100,000 units)
  • → Silver (XAG/USD): 1 pip = 0.01 (contract = 5,000 oz)

The Formula

When the quote currency matches your account currency (e.g. EUR/GBP with a GBP account):
Pip Value = pip size × contract size × lots

When a conversion is needed (e.g. EUR/USD with an AUD account):
Pip Value = (pip size × contract size × lots) ÷ exchange rate

For USD quote pairs with an AUD account, you divide by the AUD/USD rate. For example at AUD/USD = 0.6500, a standard lot on EUR/USD gives USD 10 ÷ 0.6500 = A$15.38 per pip.

Lot Sizes

Standard lot: 100,000 units  |  Mini lot: 10,000 units (0.1)  |  Micro lot: 1,000 units (0.01). Most Australian brokers allow trading from 0.01 lots minimum.

❓ Frequently Asked Questions
What is the pip value for AUD/USD with an AUD account?
For AUD/USD with an AUD account, the pip value on a standard lot is approximately A$15.38 when AUD/USD = 0.6500. Formula: USD 10 ÷ 0.6500 = A$15.38. As the rate changes, so does the pip value — always use the calculator above with the current rate.
Why is the pip value different for JPY pairs?
JPY pairs use a pip of 0.01 rather than 0.0001, because the yen has a much lower unit value. One pip on USD/JPY is a move from 151.50 to 151.51, not 151.5001. The AUD pip value on a standard lot is roughly A$0.95–1.00 — versus A$15+ for EUR/USD.
How do I calculate pip value for gold (XAU/USD)?
Gold has a pip of 0.01 and a contract size of 100 troy ounces per standard lot — not 100,000 units. At AUD/USD = 0.6500: 1 pip = 0.01 × 100 oz = USD 1 per lot, which equals approximately A$1.54. The calculator above handles this automatically.
How do I use pip values for risk management?
Decide your risk per trade (e.g. 1% of a A$5,000 account = A$50). Set your stop-loss in pips (e.g. 20 pips). Divide: A$50 ÷ (pip value × 20 pips). If pip value = A$15.38, then A$50 ÷ A$307.69 = 0.16 lots. This gives you a consistent risk regardless of which pair or market you trade.
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