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The English word for percentage point is referred to as the term pip. The smallest movement in the exchange rate of a currency pair is called the measure. A standard unit is used to measure how much the price of an asset can change during a transaction. It is possible to calculate the risk and protect investors from large variations in the exchange rate.

A Pip is the equivalent of a 1% change.

This value is called a base point in financial terminology. A basis point is equal to 1% or the same.

The percentage can be expressed as a single digit. A unit of the fourth place is called a Pip.

The exchange of euros and US dollars is an example.

The euro is worth 1.1850 against the US dollar

Thousands of people are already trading on the popular market.

The calculation of pips helps protect investors from large losses caused by a larger unit of variation. If the minimum point change was greater than 10 basis points, the currency exchange rates would change and the risk of trading that asset would increase. This is one of the reasons that has helped the growth of the market for foreign exchange trading.

The exchange rate for a currency pair has four places.

There are some pairs that are based on the Japanese yen that have a variation of 2 decimal places.

In an example, let's compare the pair of euros and the Japanese currency.

The euro and the Japanese currency are connected by a value of 110.75 and 112.74.

A variation of one pip is what this appreciation of 0.01 means.

In cases like this, a change to the second decimal place is not the same as a change to the fourth.

They can be compared by considering one more place, and in addition to that, they can be compared in terms of pips.

The price of the pairs with four and two decimal places would be five and the price of the pairs with two and one decimal places would be three.

The price variation in fractions of pips is measured by this last decimal. Online trading platforms use this unit to ensure greater transparency and accuracy in transaction data.

The first example was for euros and US dollars.

The movement of 0.00001USD is a variation of a pipette.

What if the magnification was the same as in the first example?

This appreciation is a variation of 10 pipettes that correspond to a single Pip.

And in the case of the Japanese currency?

This example would be a variation of 10 pipettes or 1 Pip.

What would a pipette variation look like?

This is a single variation of the euro and japanese currency. That is a change in the number of digits.

The way to show the price change of a currency pair depends on the currency that makes up the pair. Most of the others handle them with four or five decimal places, if the variations are measured in pipettes.

The trading platform will determine the display of variations.

There are systems that show four and two decimal places, and others that show five and three decimal places.

There are many currency pairs in the foreign exchange market.

Each currency pair has its own exchange rate, so the calculation of the monetary value of a Pip must be determined for each pair. A pip is not a constant measure that spans across all exchange rates.

We will show you two examples of this calculation. The standard quote with four and two decimal places is used in the examples.

The first example is about the value of the euro/USD.

The position would increase in value if the amount was determined. If a trader acquired those currencies and experienced this variation while he was in his possession, he could make a profit equivalent to the amount of money he had.

The open position would decrease in value if the amount was determined. The portfolio of the trader who acquired those currencies decreased.

As you can see, the exchange rate quote of the pair changes, as well as the monetary value of each Pip movement.

A variation like the one explained would cause a Pip to be worth less than it was before because the multiplication would be different and the new values would be taken into account.

The base currency is the US dollar, and the quote currency is the Japanese yen.

The second example is the value of the US dollar/Japanese renminbi, known as the USD/JPY.

The value of the position would be determined by the amount.

The open position would increase in value.

The monetary value of a movement is the same as the exchange rate quote is changed, since the exchange rate takes a new value.

The monetary effect of the variation of 1 Pip in a Forex account depends on the size of the positions that are open, since the value of the exchange rate is the most important factor in determining the calculation. The Pip is not an established value for all currency pairs, but rather takes a certain value in each case.

The larger the position, the greater the economic impact of a 1 pip change in the position's economic value.

In the past, the position sizes were standardized.

100,000 units of a currency was the standard size of a lot. It is possible to open positions with a lot of less than 100 units of a currency.

A small change in the exchange rate of a currency pair affects the fourth or second decimal place, so it represents a very small change in the value of the currency. For this variation to have a significant economic impact on the economic value of a position, the cumulative size of the trading orders must be large.

In previous examples, the variation of one pip affected a lot of units. Let's see what the effect would be on the issuance of orders with a standard lot size.

Let's see how the result of a foreign exchange operation is calculated from the economic value of a Pip. The currency pair from the first example will be used to do this.

We will analyze the economic result of a buy order for 100,000 units of theEUR/USD pair, in this case.

You are buying and selling dollars by issuing a buy order on this pair. If the euro will appreciate against the US currency, a trader will issue this purchase order. If the trader's expectations are met, he will be able to get euros that will increase in value during the time in which he owns them, and this will increase the value of his portfolio.

The steps of the operation are outlined.

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