Cryptocurrency Q&A
How do I calculate pips?
How do I calculate pips?
Bianca
Mon Dec 23 2024
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6 answers
1209
I'm trying to figure out how to calculate pips, but I'm not sure where to start. Can someone explain the process or provide a step-by-step guide on how to do it?
6 answers
ZenBalance
Wed Dec 25 2024
To illustrate, let's take the EUR/JPY currency pair as an example.
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Valentino
Wed Dec 25 2024
Suppose the exchange rate for EUR/JPY is quoted as 132.61.
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SsangyongSpiritedStrength
Wed Dec 25 2024
In the case of currency pairs like EUR/JPY and USD/JPY, determining the value of a pip involves a specific calculation.
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SakuraPetal
Wed Dec 25 2024
To find the value of one pip, you divide 1/100 by 132.61.
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HallyuHeroLegend
Wed Dec 25 2024
This calculation is based on dividing one-hundredth by the exchange rate of the currency pair.
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