Universal Pip Value Reference Matrix
In foreign exchange trading, a pip represents the smallest standardized price increment (0.0001 for 4-decimal currency pairs, and 0.01 for Yen crosses and Gold).
| Trading Instrument | Pip Definition | Standard Lot (1.0) | Mini Lot (0.10) | Micro Lot (0.01) |
|---|---|---|---|---|
| EUR/USD, GBP/USD, AUD/USD | 0.0001 | $10.00 / pip | $1.00 / pip | $0.10 / pip |
| Gold (XAU/USD — 100 oz) | 0.01 ($0.01 price step) | $1.00 / pip ($100 / $1 move) | $0.10 / pip ($10 / $1 move) | $0.01 / pip ($1 / $1 move) |
| USD/JPY (Dollar / Yen) | 0.01 | ~$6.60 / pip | ~$0.66 / pip | ~$0.07 / pip |
| BTC/USDT (Crypto Spot) | $1.00 move | $1.00 per 1 BTC | $0.10 per 0.1 BTC | $0.01 per 0.01 BTC |