Pip

A pip is the smallest unit of price for a currency. It's the last decimal point in exchange rates or currency pairs. For most currencies a pip is 0.0001 or 1/100 of a cent. Most currencies are traded in lots of $100 000. For that amount a pip is $10.

Share this page:

Other words and terminology:

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z