Pip Value Calculator
Select your currency pair and lot size to instantly calculate the dollar value of each pip. See how pip costs scale across standard, mini, and micro lots - and what a 20-pip stop loss means for your prop firm challenge account.
Pip Value (your lot size)
$10.00
Pip Value (per lot)
$10.00
Prop Firm Context
A stop loss of 20 pips costs $200.00 — this represents 2.00% of a $10,000 challenge account.
Pip values are approximate for USD-denominated accounts
Results are for educational and informational purposes only. This calculator does not constitute financial advice. Always verify calculations with your broker before placing trades. Pip values are approximate and may vary with current exchange rates.
Want to understand how pip values affect your trades?
The Pipster Academy covers position sizing from the ground up - including how pip values feed into your risk calculations.
Learn how pip values affect your position sizing →