Free Pip Value Calculator

Calculate pip value and profit/loss for any forex pair. Free tool for South African traders.

0.01 = micro lot · 0.10 = mini lot · 1.00 = standard lot

Pip Size0.0001
Pip Value (per pip)$1.00
Total P&L (10 pips)$10.00

Ready to Trade with Low Spreads?

Open a free HFM account — FSCA regulated, from $5

Open HFM Account →

How to Use the Pip Calculator

Select your currency pair, enter your lot size, and the number of pips you are targeting (for a take profit) or protecting against (for a stop loss). The calculator shows the exact dollar value of each pip and your total profit or loss.

What Is a Pip?

A pip (percentage in point) is the smallest standard price movement in forex. For most pairs like EUR/USD, 1 pip = 0.0001. For JPY pairs, 1 pip = 0.01. Understanding pip value is essential for proper position sizing and risk management.

Why Pip Value Matters

Before entering any trade, you should know exactly how much money you stand to lose if your stop loss is hit. If your account is $500 and you risk 2% per trade ($10), and your stop loss is 20 pips away, you should trade a lot size where 20 pips = $10.