Forex Pip Calculator
Forex Pip Calculator
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What is a pip in forex trading?
- Definition
- A pip, short for "percentage in point" or "price interest point," is the smallest price move that a given exchange rate makes based on market convention. Most major currency pairs are priced to four decimal places, and the pip is the last decimal point. For most pairs, a pip is 0.0001, except for Japanese yen pairs where a pip is 0.01.
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