Close Navigation
Learn more about IBKR accounts

PIP

Trading Term

An abbreviation for ‘Percentage In Point,’ which refers to the smallest value of measurement for currencies on the forex market. It’s often the last decimal place when you look at the price of a typical forex quote. For most currencies around the world, a pip is 0.0001. There are some exceptions, though. Japanese Yen (JPY), for example, has just two decimal places, so currency pair with JPY as the quote currency would have a pip equal to 0.01.

IBKR Campus Newsletters

This website uses cookies to collect usage information in order to offer a better browsing experience. By browsing this site or by clicking on the "ACCEPT COOKIES" button you accept our Cookie Policy.