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What is a pip?

April 26, 2017PIP

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What is a pip?

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A pip is the smallest unit of price for any foreign currency, usually the fourth decimal place in a currency quote (e.g. 0.0001).

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PiP stands for Price Interest Point and is the increment that currency pairs trade in. Pip values will vary based on pair traded and some will change daily based on formula.

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A PIP is an acronym for picture-in-picture. It allows a presenter to use a section of the video screen to send a still graphic.

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For most currencies prices are quoted to 4 decimal places. Each .0001 movement in the price is called a pip. For example if the value of the GBP/USD changes from 1.90001 to 1.90002 this would be a movement of 1 pip.

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PIP is an acronym for Percentage in Point. It is the smallest unit of a currency. It is the farthest digit to the right of a currency pair. Suppose the EUR/USD moves from 1.1400 to 1.1401, then it moved 1 pip which is equal to 0.0001. With currency pairs related to the Japanese Yen, a pip is equal to 0.01 because there are only 2 digits after the decimal.

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