Free tool
Pip Value Calculator (in Canadian dollars)
0.10 standard lots
Used for reference only
Value of 1 pip in CAD
$1.42
Pip size 0.0001 · USD is the quote currency
Value of 1 pip in USD
US$1.00
10-pip move
$14.19
Gain or loss for a 10-pip move
What is a pip?
A pip ("percentage in point") is the standard unit for currency price moves. For most pairs it is the fourth decimal place — 0.0001. For yen pairs it's the second decimal place — 0.01. Many brokers quote an extra digit (a "pipette"), so USD/CAD might show 1.41683: the final 3 is a tenth of a pip.
Pip value formula
Pip value (in the quote currency) = units × pip size
For 10,000 units of EUR/USD: 10,000 × 0.0001 = US$1 per pip. To express that in Canadian dollars, convert at the USD/CAD rate: about C$1.42 per pip at a USD/CAD rate of 1.42.
For CAD-quoted pairs (USD/CAD, EUR/CAD, GBP/CAD, AUD/CAD) there's no conversion — 10,000 units is always exactly C$1 per pip. That's one reason many Canadians like trading CAD pairs: risk in your own currency is simpler to track.
Quick reference (CAD account, approximate)
| Position | USD/CAD | EUR/USD | USD/JPY |
|---|---|---|---|
| 1,000 units (micro) | C$0.10 | ≈ C$0.14 | ≈ C$0.10 |
| 10,000 units (mini) | C$1.00 | ≈ C$1.42 | ≈ C$0.95 |
| 100,000 units (standard) | C$10.00 | ≈ C$14.17 | ≈ C$9.50 |
Non-CAD values depend on current exchange rates — use the calculator for today's figures.
Questions
Why is my pip value different at my broker?
Brokers convert at their live price, while this calculator uses Bank of Canada daily reference rates. Differences should be small; for exact values enter your broker's price.
How much is a pip worth on USD/CAD?
For a CAD account, one pip on USD/CAD is worth C$0.10 per 1,000 units, C$1 per 10,000 and C$10 per 100,000.