Forex Calculator

Pip Calculator

ITB Pip Value Calculator assists the traders to recognize the value per pip in their trading account’s currency; as a result, you can handle your risk per trade properly.

You require the currency your account is denominated in, the currency pair, your position size, and the exchange rate asked to calculate the pip value.

The Pip Value Calculator

In forex trading, “pips” are the fundamental unit of measure.

Pip is short form of “percentage in point” or “price interest point.”

Technically the smallest value change in a currency pair’s exchange rate is called pip.

To the currency pairs, a pip is a movement in the fourth decimal place (0.0001); however, apart from Japanese yen pairs in which, the movement is in the second decimal place (0.01).

Pips are used to mention profits or losses. For instance, a trader might cite, “I made 50 pips on the trade!”

By this it is implied that the trader closed a position with a profit of 50 pips. The real cash amount this shows relies on the pip value, which is what our Pip Value Calculator can assist you with.