Point and pip

Pip and Point are terms that represent the range of movements of currency pairs in the Forex market. In which, 1 pip = 10 points.

For FXCE symbols, the last decimal place of the rate is the Point. And because 1 pip = 10 points so the previous decimal place is the Pip.

The following are detailed examples of some symbols.

Example1: Symbols have an exchange rate of 5 decimal places

Pip is the fourth decimal and point is the fifth.

E.g: The current rate of GBPUSD is 1.38216. The 4th decimal place (number 1) is the pip, the 5th decimal place (the number 6) is the point.

• If the rate rises to 1.38226, the range is 1.38226 - 1.38216 = 1 pip = 10 points.
• If the rate rises to 1.38576, the range is 1.38576 - 1.38216 = 36 pips = 360 points.

Example2: Symbols have an exchange rate of 3 decimal places

Pip is the second decimal and point is the third.

E.g: The current rate of GBPJPY is 153,679. The second decimal place (number 7) is the pip, the third decimal place (the number 9) is the point.

• If the rate rises to 153.859, the range is 153.859 - 153.679 = 18 pips = 180 points.
• If the rate falls to 153.289, the range is 153.679 - 153.289 = 39 pips = 390 points.

Example3: Symbols have an exchange rate of 1 decimal place

Pip is the fifth integer place and point is the decimal.

E.g: The current rate of BTCUSD is 33915.4. The fifth integer place (number 5) is pip, decimal place (number 4) is point.

• If the rate rises to 33933.4, the range is 33933.4 - 33915.4 = 18 pips = 180 points.
• If the rate falls to 33908.4, the range is 33915.4 - 33908.4 = 7 pips = 70 points.