What is PIP

[Anderson]

The full type of Pip is ''Percentage in Point'. A pip is the last digit in the estimation of a currency pair (in the event that you are trading from a 4 digit price support); 1.3294, 115.13 et cetera. All Forex currency pairs, except for the Japanese Yen, measure the pip from the fourth decimal place. The pip gap between purchase and offer price is called spreads. We traders cherish low spreads.

 

[Lee Mark]

Thanks for your information; I am sure newbie’s would like your info’s for sure! Keeping adding your valuable opinion here!

 

[Mark Dahl]

Pip is the fourth decimal of the price for all currency pair except JPY. For JPY its second decimal of the price.

 

[Gito Dinev]

Pip is a small fraction of a price. Traders use it to determine loss and profit.

 

[Cooper Truebridge]

Pips are price statistics. Which helps traders to have an idea about the price.

 

[stefaniawendt]

PIP is referred to as the change in the amount of exchange rate for a specific currency pair. It is calculated using the last decimal point. In forex trading, most of the major currency pairs are priced to four decimal places, hence the smallest change is denoted by the last decimal point. It is equivalent to 1/100th of 1 percent, or one basis point. The actual value of the cash amount is represented by the PIP value.

 

[Alicia Lynch]

Pips is a price statistic used by all traders. It depends on the supply and demand.

 

[Eduardo Lucchese]

Thanks for the information.