 | What is the definition of PIP?
A PIP stands for Percentage Interest Point, and refers to the movements of the last digit of a currency pair.
|  | TradersLaboratory decodes PIP
The PIP is the smallest movement of a financial asset to the last decimal point of the price quote. For example, if the price of the EURUSD moves from 1.3290 to 1.3297, we say the currency pair has moved 0.0007 points or 7 pips (1.3297 – 1.3290 = 0.0007). The value of the pip depends on the lot size used to execute the trade. The value of a pip for a Standard Lot is $10, while the value for a mini-lot is $1. |
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