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Pip Value

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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.

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