Thursday, June 19, 2008

Pip Value Calculator

Pip value constantly changes according to the market currency price for indirect currency pairs.
Kindly enter the current value of the bid/ask of your desired pair in the price box then press retrieve button to get the pair pip value in dollar

Instructions

You may input any prices you need in the second column of the table. If you are using non-standard lots, you may input the size of your lot in the bottom cell.

Quick Review

ip (or Points) is a term used in Forex market to indicate the smallest incremental move an exchange rate can make. Depending on context, normally one basis point (0.0001 in the case of EUR/USD, GBD/USD, USD/CHF and .01 in the case of USD/JPY).

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