Hi everyone!

I do know how to calculate the pip value at ordinary pairs like GBP/USD, USD/CAD, EUR/GBP but i have found a currency pair that i don't know how to calculate the pip value for.

The currency is Turkish Lira (TRY).

As for now i have allways used the following formula to calculate cross rates:

Lot size * tick size * base quote / current rate.

For Indirect rate:

lot size * tick size / current rate

But i'm not sure if i getting it right beacause when i calculate usd/try i get that every pip should be woth 12.57 USD. But when i enter a trade and take the amount i "lose" when opening a position. I.e the spread cost. I diviaded that amount with the spread in pips i get

I quite big different.

Another problem is that there is availible a pair called TRY/JPY and this currency pair i don't know at all how to calvulate into USD/pip.

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I would really appriciate some help about this matter... and i am intressted to know the pip value for the following currency pair:

TRY / JPY (Current pricelevel: 95.11)

USD / TRY (Current pricelevel: 1.2577)

GBP / TRY (Current pricelevel: 2.5625)

EUR / TRY (Current pricelevel: 1.7371)

-------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------

And please don't just calculate it for me... i really want to learn

So... some kind of formula of how to calculate this right would just make my day.

Regards / JoLi

PS. To answer the question i think will come... No, there is no reason to trade this pair, and i don't trade it myself. I just found it at the platform i testing (www.migfx.ch) and became curious about this and started to calculate... i did not manage to calculate it and it makes me mad... just need to calculate it before i move on.... DS

I do know how to calculate the pip value at ordinary pairs like GBP/USD, USD/CAD, EUR/GBP but i have found a currency pair that i don't know how to calculate the pip value for.

The currency is Turkish Lira (TRY).

As for now i have allways used the following formula to calculate cross rates:

Lot size * tick size * base quote / current rate.

For Indirect rate:

lot size * tick size / current rate

But i'm not sure if i getting it right beacause when i calculate usd/try i get that every pip should be woth 12.57 USD. But when i enter a trade and take the amount i "lose" when opening a position. I.e the spread cost. I diviaded that amount with the spread in pips i get

**7.95 usd.**I quite big different.

Another problem is that there is availible a pair called TRY/JPY and this currency pair i don't know at all how to calvulate into USD/pip.

------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------

I would really appriciate some help about this matter... and i am intressted to know the pip value for the following currency pair:

TRY / JPY (Current pricelevel: 95.11)

USD / TRY (Current pricelevel: 1.2577)

GBP / TRY (Current pricelevel: 2.5625)

EUR / TRY (Current pricelevel: 1.7371)

-------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------

And please don't just calculate it for me... i really want to learn

**how**to calculate it.So... some kind of formula of how to calculate this right would just make my day.

Regards / JoLi

PS. To answer the question i think will come... No, there is no reason to trade this pair, and i don't trade it myself. I just found it at the platform i testing (www.migfx.ch) and became curious about this and started to calculate... i did not manage to calculate it and it makes me mad... just need to calculate it before i move on.... DS