The pip is the smallest price movement a currency can make based on the Forex market contract. Most currency pairs are priced to four decimal places and the pip change is the last (fourth) decimal place. Hence one pip is equivalent to 1/100 of 1% or a base score.

Pip Calculator is a web tool that allows the conversion of price change of a financial instrument from pip to trading account currency for a position of a selected size. When necessary, this tool helps to determine the pips amount by specifying the starting price of the instrument and the price at which it changed.

You can use the calculator by converting it to the local currency of your country.