What's my pip value in USD for this lot size and currency pair?

How this is calculated

• A pip is 0.0001 of an exchange rate for most currency pairs, and 0.01 for pairs where the quote currency is Japanese yen.
• When USD is the quote currency (pairs like EUR/USD), the pip value in USD equals pip size multiplied by position size, since the quote currency is already US dollars and no conversion is needed.
• When USD is the base currency (pairs like USD/CAD or USD/JPY), the pip value is first calculated in the quote currency (pip size × position size), then divided by the current exchange rate to convert it into USD.
• Standard lot equals 100,000 units, mini lot equals 10,000 units, and micro lot equals 1,000 units. Enter the exact number of units you're trading rather than the lot count.
• Cross pairs where neither currency is USD, such as EUR/GBP or EUR/JPY, need a second conversion step that this calculator doesn't cover. Check your broker's own pip value tool for those pairs.
• Once you know your pip value, multiply it by your planned stop distance in pips to see the dollar risk on the trade, the same way you'd use a dollar risk per share for a stock position.