Tick Value Math
Pip Value & Tick Value Calculator
Understand currency contract sizing. Learn how exchange rates determine pip and tick values across symbols.
01. The Math of Pip Values
For USD-quoted pairs, 1 pip = $10 on a standard lot. If your account is denominated in EUR, the pip value must be converted using the EURUSD exchange rate.
02. Calculating Cross Currency Pips
Pairs like GBPJPY or EURCAD have variable pip values that fluctuate with exchange rates. Sizing calculations must track these changes.
03. Index Futures Tick Value
Index futures use tick values rather than pips. For NASDAQ futures (NQ), 1 tick = $5 per contract. Sizing rules must reflect contract specifications.