What one pip is worth in your account currency.
As of Jul 2, 2026, one pip on EUR/USD is worth $10.00 per standard lot for a USD account — no conversion needed, because USD is the quote currency. On a JPY cross such as GBP/JPY, one pip is 1,000 JPY per standard lot, which is €5.43 for a EUR account at today's ECB rate. Pip value scales linearly with size: a mini lot (0.1) is one-tenth of that, a micro lot (0.01) one-hundredth.As of Jul 2, 2026 · ECB reference rates via frankfurter.dev
A pip is the smallest standard price increment for a pair: 0.0001 for most pairs, 0.01 for JPY pairs.
For 1 standard lot (100,000 base units), the pip value in the quote currency is fixed:
0.0001 × 100,000 = 10 quote-currency units per pip0.01 × 100,000 = 1,000 JPY per pipTo convert into your account currency, multiply by the current quote→account exchange rate. This calculator handles that automatically using daily ECB rates.