What Is a Pip in Forex? Simple Explanation with Examples

A pip is the smallest standard unit of price change in a currency pair. Learn what a pip is worth and how to calculate pip value.

What Is a Pip?\n\nA pip (percentage in point) is typically the fourth decimal place in most currency pairs. For EUR/USD moving from 1.1050 to 1.1051, that is a 1-pip move.\n\n## Pip value\n\nOn a standard lot (100,000 units), one pip is worth about $10 on USD quote pairs. On a mini lot (10,000 units), about $1.

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