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Pip calculations

  • Post #1
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  • First Post: Dec 17, 2006 11:25am Dec 17, 2006 11:25am
  •  MPR_NY
  • | Joined Oct 2006 | Status: Member | 19 Posts
I keep on forgeting how pips are used for each currency.

Can somebody remind me how much one pip is for each of the currency pairs?

I know USD/JPY is .01 counts as 1 pip

and

EUR/USD is .0001 counts as 1 pip
Am i right?

wrong?
  • Post #2
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  • Dec 17, 2006 12:01pm Dec 17, 2006 12:01pm
  •  philmcgrew
  • Joined May 2005 | Status: I am not your bro | 1,302 Posts
Correct! Pairs ending in JPY are always 0.01. The other majors are all 0.0001.
 
 
  • Post #3
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  • Dec 17, 2006 2:38pm Dec 17, 2006 2:38pm
  •  MPR_NY
  • | Joined Oct 2006 | Status: Member | 19 Posts
whew....thanks!
 
 
  • Post #4
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  • Dec 17, 2006 2:39pm Dec 17, 2006 2:39pm
  •  MPR_NY
  • | Joined Oct 2006 | Status: Member | 19 Posts
so lets say its not the JPY

if it moves .0035 it means 35 pips?

on JPY.35 is 35 pips?
 
 
  • Post #5
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  • Dec 17, 2006 2:43pm Dec 17, 2006 2:43pm
  •  philmcgrew
  • Joined May 2005 | Status: I am not your bro | 1,302 Posts
Correct again!
 
 
  • Post #6
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  • Dec 17, 2006 10:25pm Dec 17, 2006 10:25pm
  •  MPR_NY
  • | Joined Oct 2006 | Status: Member | 19 Posts
Yes!
 
 
  • Post #7
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  • Last Post: Dec 17, 2006 11:45pm Dec 17, 2006 11:45pm
  •  WHTenn
  • Joined Nov 2006 | Status: Member | 1,758 Posts
Quoting MPR_NY
Disliked
I keep on forgeting how pips are used for each currency.

Can somebody remind me how much one pip is for each of the currency pairs?

I know USD/JPY is .01 counts as 1 pip

and

EUR/USD is .0001 counts as 1 pip
Am i right?

wrong?
Ignored
The last number on the right is the digit used for calculating pips. Don't let the decimal point throw you off.
 
 
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