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What Is Pip?

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By Author: Ashley Jhon
Total Articles: 7
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Pip is a term used in Forex to express the change in value between two currencies.
If AUD/USD moves from 1.2697to 1.2698, that .00001 USD rise in value is ONE PIP.

Pip is generally the last 4th decimal place value of a currency quote.
Generally, currency pairs go up to 4 the place of currency pair.

EUR/USD-1.1135. In this Currency pair, this 0.0005 is a pip.

But there are one currency Yen which is the currency of Japan is execption it just goes to 2 decimal place of the value of the currency.
USD/JPY- 110.07 in this currency quote this 0.07 is Pip.

In currency pair, there is one more component of currency pair which is a pipette.

Let’s see what a pipette is-

There are some brokers who quote currency beyond the 4 and 2 value of a quote and this 5and 3 value is called pipette.

For more details, you can visit Best Forex Signal Provider

More About the Author

I am Ashley. I am having 7 years of experience in the forex market. I write informative articles on Forex Market.

Total Views: 57Word Count: 153See All articles From Author

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