Rates as of 17 July 2026
A 40-pip win on 0.50 lots of EUR/USD is worth A$285.47 in an AUD account at current rates (17 July 2026).
- Price move
- 40.0 pips
- Result (profit)
- A$285.47
Worked example
Buy 0.50 lots of EUR/USD at 1.1463 and exit at 1.1503: the move is 40 pips. One pip on 0.50 lots is US$5.00 in the quote currency, which converts to A$7.14 in an AUD account at current rates (17 July 2026). The position's profit is 40 x A$7.14 = A$285.47, before spread, commission and any overnight financing.
How to use this calculator
Select the pair and direction, enter your entry and exit prices, the position size in lots, and your account currency. The calculator returns the move in pips and its value in your account currency, labelled profit or loss. Prices can be hypothetical: entering a planned entry against a target and against a stop shows both sides of a trade before you take it.
Used that way, the calculator turns a chart level into a reward-to-risk ratio in dollars. A target worth A$285.47 against a stop risking half that is a 2:1 trade regardless of what the pair is, and comparing dollar outcomes across pairs is more reliable than comparing pip counts, because pip values differ by pair and account currency.
The profit and loss formula
P/L = pip move x pip value, where the pip move is (exit - entry) / pip size for a buy and (entry - exit) / pip size for a sell. Pip size is 0.0001 on most pairs and 0.01 on JPY-quoted pairs, and pip value converts the result from the pair's quote currency into your account currency at current exchange rates.
The conversion step is where AUD-account results differ from the USD-account figures most calculators assume. A US$200 win is not A$200; at the current rate it is A$285.47. All figures on this page use the dated rates shown in the results panel.
What the result deliberately excludes
The figure is price P/L only. It excludes the spread you crossed at entry, any per-lot commission, and overnight swap or financing charges. Swaps are excluded because they vary by broker, by direction, and by the day of the week (most brokers charge one day at triple rate to cover weekend settlement), so a single assumed figure would be invented rather than sourced. For held positions, your broker's published swap schedule is the only honest input.
Spread and commission, unlike swaps, are measurable per broker, and they compound with trading frequency. Our broker cost calculator ranks 29 ASIC-regulated brokers on exactly those two costs, and the lowest commission broker guide breaks down the per-lot charges behind it.
Reading results as risk, not prediction
A P/L calculator is most useful before the trade, not after. Sizing a position so the stop-loss outcome is a dollar figure you can absorb keeps a losing streak survivable; our drawdown guide shows how consecutive losses compound and why capping the per-trade loss matters more than any single win. The position size calculator automates that sizing step from your risk percentage.
FAQs
How do I convert pips into dollars?
Does this calculator include swap or financing costs?
Why is my broker statement slightly different from the calculator?
Do sell trades calculate differently?
Related pages
About the author
Justin co-founded CompareForexBrokers in 2014 and has traded forex since 1998. Based in Melbourne, he has tested every ASIC-regulated broker on this site personally and has written for Forbes, Kiplinger, Finance Magnates, the Australian Financial Review and The Age. He holds a Bachelor of Commerce (Honours) and a Master's in Marketing from Monash University. Justin is the Strategic Head of Research for the site.