XXX: the first currency YYY: the second currency. Forex Volatility. When this is the case for a notional amount of 100 the value of the pip is always equal to US$ 10. Dollars is trivial for such currency pairs as EUR/ USD,.; For currency pairs whose rate is shown to the fifth decimal place ( 0. Trade Profit / ( Loss) : 29 pips × 40.
$ 1 for a mini lot which is 10, 000 worth of currency. 10 for a micro lot is 1, 000 worth of currency.The value of one pip is always different between currency pairs because of differences between the exchange rates of various currencies. A phenomenon does occur when the U.