The Pip Calculator tool is an easy converter of a financial instrument’s price change from pips to a currency. The Pip Calculator takes into consideration the pip amount and the position size of a currency pair.
For example, 1 pip for EURUSD, with a position size of 100000 units (1 standard lot) costs 10 USD. Users can select the ‘Instrument’ which is the currency pair (e.g. EUR/JPY), as well as the ‘Account Currency’ of the result value which will be the pip cost (e.g. USD).