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?

What is a pip in currency trading?

For most currency pairs 1 pip is 0.0001; for currency pairs with the Japanese Yen, such as USD/JPY, 1 pip is 0.01. When trading metals, 1 pip for Gold and Silver is 0.01. When the EUR/USD moves up from 1.0925 to 1.0926, the change is 1 pip. With 5-digit pricing, if the EUR/USD moves up from 1.09255 to 1.09260, the move would be half a pip.

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 is the Pips size of AUDUSD?

The pip size of AUDUSD is 0.0001, so with the current AUDUSD price of 0.6665, the digits 5 represents 5.0 pips.