15 May
Forex Pip Value Calculator with Indian Price
Here is Forex Pip Value Calculator and How the Calculation is Performed
Forex pip means the smallest price change a currency pair can make, except for fractions of a pip or ‘pipettes’, which refer to fractions of a pip.
There are generally 1 pip for every currency pair; however, for currency pairs with the Japanese Yen, such as USD/JPY, 1 pip is equal to 0.01. If you are trading metals, 1 pip for Gold and Silver is equal to 0.01.
In the case of the EUR/USD moving up from 1.0735 to 1.0736, there is a change of 1 pip. With 5-digit pricing, if the EUR/USD moves up from 1.07355 to 1.07360, the move would be half a pip.
