The pip value is basically a price of one pip generated in a Forex trade. And it varies from one currency pair to another. That’s why it’s important to measure the pip value for different currencies. So, to calculate the pip value, traders need to divide the number of pips (either ...
In our example, the GBP/USD is quoted in terms of the number of USD per GBP. GBP is thebase currencyand USD is thequote currency. At a rate of GBP/USD 1.3147, it costs USD 1.3147 to buy one GBP. As the price fluctuates, so will the dollar value. For astandard lot, each pip w...