A pip is worth a different amount on every instrument, and a different amount again once it is converted into your account currency. This resolves both at once.
| Pair | Pip size | Per standard lot |
|---|---|---|
| EUR/USD | 0.00010 | 10.00 USD |
| GBP/USD | 0.00010 | 10.00 USD |
| AUD/USD | 0.00010 | 10.00 USD |
| USD/JPY | 0.010 | — |
| USD/CHF | 0.00010 | — |
| USD/CAD | 0.00010 | — |
| XAU/USD (Gold) | 0.01 | 1.00 USD |
| US30 (Dow) | 1.00 | 1.00 USD |
The smallest conventional price increment for an instrument: 0.0001 on most FX pairs, 0.01 on JPY pairs and gold, 1 point on most indices. It is a unit of distance — pip value turns that distance into money.
pip value = pip size × contract size × lots × the quote-currency-to-account-currency rate. On EUR/USD with a USD account the last term is 1, which is why the answer is a clean $10 per standard lot and why every other pair feels harder.
A pip on USD/JPY is 0.01, so one standard lot earns 1,000 JPY per pip — but you are paid in your account currency, so that 1,000 JPY has to be converted. The dollar value therefore moves with USD/JPY itself.
100,000 / 10,000 / 1,000 units. Pip value scales exactly with the contract size, so a micro lot is worth one hundredth of a standard lot on the same pair — useful when the position size calculator returns a number below your minimum.
PipSync is a signal execution tool. It does not provide trading signals, does not guarantee any trading results and is not investment advice. Trading leveraged products involves substantial risk of loss.