cookie

This site uses cookies to provide you with a great user experience. By visiting monetamarkets.com, you accept our cookie policy.

Allow all
top icon

This website is operated by Moneta Markets Ltd, which is not authorised or regulated by the UK Financial Conduct Authority (FCA) and does not offer or promote services to UK residents. Access to this website is restricted in the UK and the content is not intended for distribution to, or use by, any person located in the UK. If you believe you have reached this website in error, please exit the page now

Pip Value

BBack

Back to Glossary

Description

The smallest price move that a given exchange rate can make, based on market convention.

Pip value is the monetary value of the smallest price change in an exchange rate, crucial for forex traders to understand potential profit or loss. It varies depending on the currency pair, the size of the trade, and the exchange rate itself, with one pip typically representing a 0.0001 change in most pairs, except for yen pairs where it’s 0.01.

Start Trading in 3 Simple Steps

1
REGISTER

Open a live account and start trading in just minutes.

2
FUND

Fund your account using a wide range of funding methods.

3
TRADE

Access 1000+ instruments across all asset classes

open chat