A pip is the smallest price increment that any currency pair
can move in either direction. In the FOREX markets, profits
are calculated in terms of pips first, then dollars second.
USD = Quote Currency
EUR/USD .0001 USD
GBP/USD .0001 USD
AUD/USD .0001 USD
USD = Base Currency
USD/JPY .01 JPY
USD/CHF .0001 CHF
USD/CAD .0001 CAD
Non-USD Cross Rates
EUR/JPY .01 JPY
EUR/CHF .0001 CHF
EUR/GBP .0001 GBP
GBP/JPY .01 JPY
GBP/CHF .0001 CHF
CHF/JPY .01 JPY
Currencies 1 Pip Value Per Full Lot (100,000 units)
EUR/USD EUR 100,000 x .0001= USD 10.00
GBP/USD GBP 100,000 x .0001= USD 10.00
AUD/USD AUD100,000 x .0001= USD 10.00
USD/JPY USD 100,000 x .01 = JPY 1,000
/ USDJPY spot (105.50) = USD 9.47
USD/CHF USD 100,000 x .0001= CHF 10.00 /
USDCHF spot (1.2335) = USD 8.11
USD/CAD USD 100,000 x .0001= CAD 10.00 /
USDCAD spot (1.3148) = USD 7.61
EUR/JPY EUR 100,000 x .01 = JPY 1,000 /
USDJPY spot (105.50) = USD 9.47
EUR/CHF EUR 100,000 x .0001= CHF 10.00 /
USDCHF spot (1.2335) = USD 8.11
EUR/GBP EUR 100,000 x .0001= CHF 10.00 x
GBPUSD spot (1.8890) = USD 5.2
GBP/JPY GBP 100,000 x .01 = JPY 1,000 /
USDJPY spot (105.50) = USD 9.47
GBP/CHF GBP 100,000 x .0001= CHF 10.00 /
USDCHF spot (1.2335) = USD 8.11
CHF/JPY CHF 100,000 x .01 = JPY 1,000 /
USDJPY spot (105.50) = USD 9.47
Approximate USD values for a one-pip move per contract
in the major currency pairs are shown above, per 100,000
units of the base currency.
On a typical day, actively traded currency pairs like EUR/USD
and USD/JPY can fluctuate 100 pips or more.
The above table is based upon a margin requirement of
100 percent (leverage = 1:1). To calculate actual profit (or
loss) in leveraged positions, multiply the pip value per 100k times
the leverage ratio (margin percentage divided by 100).
Note that the EUR/GBP cross rate pair above uses multiplication
with the USD spot price instead of division.
This is because the USD is the quote (second) currency
in the spot conversion pair.
No comments:
Post a Comment