Pip Value Calculator (AUD)

How to use this calculator

Pick the pair, enter the position size in standard lots, and choose the currency the trading account is denominated in. The calculator returns the value of one pip and one point at that size. The same logic, I'd note, works for smaller lots: a mini lot is 0.10 and a micro lot is 0.01, so a US$10.00 pip on a standard lot becomes US$1.00 and US$0.10 respectively.

I'd argue the AUD default matters more than it looks. Most calculators found in search results assume a USD account, and the difference between a US$10.00 pip and its AUD equivalent is the full AUD/USD exchange rate. Every figure on this page converts at the dated rate shown in the results panel, refreshed daily at build time.

How pip value is calculated

Here's the formula: pip value = pip size x contract size x lots x quote-to-account exchange rate. Pip size is 0.0001 on most pairs and 0.01 on JPY-quoted pairs. Contract size is 100,000 units of the base currency per standard lot. The raw result lands in the pair's quote currency, then the calculator converts it to your account currency.

Because the raw result is always denominated in the quote currency, pairs quoted in US dollars (EUR/USD, GBP/USD, AUD/USD) all share the same US$10.00 pip per standard lot. What differs, to my mind, is the conversion step: if your account is in AUD, the conversion uses the AUD/USD rate; a GBP account holder multiplies by GBP/USD. Pairs quoted in other currencies, such as EUR/AUD, produce a pip already in Australian dollars, so no conversion applies at all.

Pip vs point: the 10x trap

A point is the smallest increment your platform displays; a pip is the standardised unit traders quote spreads and moves in. On modern 5-decimal pricing one pip equals ten points, and mixing the two up produces numbers that are wrong by a factor of ten. A spread quoted as "6 points" is 0.6 pips, and a tick value API reporting the fifth decimal is reporting one tenth of the figure this calculator shows.

The confusion is common enough that this site's calculators only ever work in pips. If a number you see elsewhere looks ten times too small or too large, check which unit it is quoted in before acting on it. Our currency pairs guide covers how quoting conventions differ across pairs.

JPY pairs and the 0.01 pip

Yen-quoted pairs (USD/JPY, AUD/JPY, GBP/JPY, EUR/JPY) are priced to two or three decimals, so the pip sits at the second decimal: 0.01. The formula is unchanged; only the pip size differs. One pip on 1.00 lot of USD/JPY is 0.01 x 100,000 = 1,000 yen, which in your AUD account works out to A$8.72 at current rates (28 August 2026).

For JPY pairs, the third decimal is the point, and the same 10x relationship applies: ten points to one pip. Our calculator labels the pip size it used, so you never get a 3-decimal JPY pair result silently mixed up with a 4-decimal pair.

Where pip value fits in your trading costs

I think of pip value as the bridge between a spread quoted in pips and its cost in dollars. A 1.0-pip spread on one standard lot of EUR/USD costs one pip value, about A$13.90 in an AUD account, every time the position is opened and closed. Multiply by monthly volume and small per-pip differences compound into meaningful money. That's exactly why our lowest spread forex brokers comparison, which comes from the live capture programme that Noam Korbl runs, measures spreads across eight pairs rather than quoting one headline number.