Calculate GBPJPY Pip in Dollars..

Can someone please give me the formula to get the Pip value in dollars for both ot these? I need the pip value dollars , and profit in dollars between two prices.

GBPJPY

CHFJPY




Thanks!..Im stuck!

The value per pip comes from the secondary currency in the pair. In both of those cases it would be the JPY. So to get the value of that currency in USD, you would look at the USDJPY, which just closed around 123.00 (usually the first three significant digits are all you need).

This means you need ~123 JPY to buy one USD. The reciprocal of this value means that the JPY is worth 0.00813 USD. One pip on any JPY pair is 0.01 yen. Multiply this by 10,000 for a mini lot (100 yen) or 100,000 for a full lot (1000 yen). Now multiply that value by 0.00813, and you get 0.813 USD per pip for a mini lot, and 8.13 USD per pip for a full lot.

Or you can use this indicator I put together

It works it out based on a full lot. For mini or micro accounts just move the decimal point.

On standard lots:

1 pip=1000 yens

Divide 1000 by 123(current USD/JPY rate)=USD8.13

For mini lots one tenth of above

Thanks for share

ok so if we are doing GBP/JPY
would 1 pip still be 1000 yen ? If so, when you divide current GBPJPY price by 1000 (154.1) it comes out to 6.49. but up there you had it as USD so in this case would the 6.49 be GBP like I think it would and what do I convert 6.49 to USD to understand my risk. Sorry if this question seems redundant but I'm new and I don't want to assume anything

https://www.babypips.com/tools/pip-value-calculator

GBPJPY pip value= contract size x Price increment / USDJPY rate

1 lot = 100,000 thererfore

100,000 x 0.01 / 113.678 = 8.796 USD