What is a pip calculator?

A pip calculator is an essential trading tool for risk management. The calculator is used to work out the pip value of forex pairs, precious metals, indices, and more, in the account currency. How does our pip calculator work?

How do I convert pip value to currency?

Depending on your account base currency, you would need to convert the pip value accordingly. Pip Value = (1 pip / Quote Currency Exchange Rate to Account Currency) * Lot size in units For example, the pip value of EURUSD is $10 per pip with a standard lot size and a USD account: Pip Value = (0.0001 / 1)*100000 = $10.

How does AXI Pip calculator work?

How does our pip calculator work? To calculate the value of a pip, the Axi pip calculator multiplies one pip (usually 0.0001) by the trade size (in lots), and dividing this by the real-time market rate of forex pair. The pip size is 1, that is, one pip is one AUD of the AUS200 price.

What factors affect pip value?

Account Currency: The base currency of the trading account is necessary for conversion purposes. Trade Size: Assumed leverage, typically in units or lots, is a key component of pip value. As the number of units is increased on a given trade, the value of each pip grows, as does risk and reward.