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General questions What does pip mean?
avatar amsterdam
Question by: Amsterdam - 23 Jul 2012, 09:06:10
What does pip mean?
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Answers (8)
avatar user 353
Answer by: Romer0 - 23 Jul 2012, 09:09:47

It is the smallest unit of price of any foreign currency. It is also called Points.

avatar user 1223
Answer by: Jeremy - 10 Oct 2013, 10:10:08

It's a smallest unit of price of foreign currency

avatar user 1944
Answer by: Ladymama - 31 Jan 2014, 07:00:22

"pip" stands for "percentage in point". A "pip" is the smallest unit of price for any currency.

avatar user 1952
Answer by: Robertpat - 04 Feb 2014, 07:05:22

Pip stands for percentage in point. A pip is equal to 1/100th of 1 percent.

avatar user 4325
Answer by: Samanthar - 20 Jan 2015, 04:34:16

The smallest price change that a given exchange rate can make. Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point - for most pairs this is the equivalent of 1/100 of one percent, or one basis point.

avatar user 4725
Answer by: Joseph - 25 Feb 2015, 05:58:45

For example, the smallest move the USD/CAD currency pair can make is $0.0001, or one basis point. The smallest move in a currency does not always need to be equal to one basis point, but this is generally the case with most currency pairs.

avatar user 4900
Answer by: Henry - 04 Mar 2015, 03:28:28

The smallest price change that a given exchange rate can make. Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point - for most pairs this is the equivalent of 1/100 of one percent, or one basis point.

avatar user 4981
Answer by: Jeremy - 09 Mar 2015, 05:46:58

For example, the smallest move the USD/CAD currency pair can make is $0.0001, or one basis point. The smallest move in a currency does not always need to be equal to one basis point, but this is generally the case with most currency pairs.

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