How Much Is 40 Pips Worth?
Forty pips does not have one fixed cash value. On EUR/USD in a USD account, 40 pips is about $4 at 0.01 lot, $40 at 0.10 lot and $400 at 1.00 lot. On JPY pairs, crosses and accounts denominated in another currency, the value can be different because conversion rates matter.
Use CBFXHUB's main tool for arbitrary pip amounts, more pairs and full account-currency conversion.
40-Pip Value Converter
This quick tool is intentionally focused on one search question: what is 40 pips worth? Select the pair, lot size and account currency. For a third-currency account, enter the quote-currency-to-account-currency conversion rate shown by your platform.
Your trade
If the account currency equals the quote currency, the cross rate is ignored. If the account currency equals the base currency, the pair price is used automatically.
40-pip result
0.0001 × 100,000 units = 10.00 USD per pip; 10.00 × 40 = 400.00 USD.
Fast answer for EUR/USD in a USD account
| Trade size | Units | Approx. value per pip | 40 pips worth |
|---|---|---|---|
| 0.01 lot | 1,000 | $0.10 | $4 |
| 0.10 lot | 10,000 | $1.00 | $40 |
| 0.50 lot | 50,000 | $5.00 | $200 |
| 1.00 lot | 100,000 | $10.00 | $400 |
| 2.00 lots | 200,000 | $20.00 | $800 |
These clean USD values apply to pairs such as EUR/USD when USD is the quote currency and the account is in USD. Other pair/account combinations can require conversion. For a general calculation, use the Forex Pip Calculator.
On EUR/USD with a USD trading account, 40 pips is approximately $4 at 0.01 lot, $40 at 0.10 lot and $400 at 1.00 standard lot. The reason is that EUR/USD is about $10 per pip at 100,000 units, $1 per pip at 10,000 units and $0.10 per pip at 1,000 units. But 40 pips does not always equal those dollar amounts. Pip value depends on the currency pair, trade size and account currency. For any pair or pip amount, use the Forex Pip Calculator.
The simplest answer: what is 40 pips worth?
If you are trading a pair where the quote currency is USD, such as EUR/USD or GBP/USD, and your trading account is also denominated in USD, the calculation is especially simple. A standard 100,000-unit position has a pip value of approximately $10. Multiply $10 by 40 and the answer is $400.
0.01 lot
1,000 units × $0.10 per pip ≈ $4 for 40 pips.
0.10 lot
10,000 units × $1 per pip ≈ $40 for 40 pips.
1.00 lot
100,000 units × $10 per pip ≈ $400 for 40 pips.
Why this answer is popular
Many beginner examples use EUR/USD and a USD account because the quote currency already matches the account currency. No extra conversion is required. The result is easy to remember: $0.10, $1 and $10 per pip for micro, mini and standard position sizes.
Why you should not memorize $400 as the universal answer
If you trade USD/JPY, EUR/GBP or GBP/JPY, or if your account is in EUR, GBP, SAR or AED, the cash value can be different. Forty pips is a price distance; the cash value of that distance is calculated from the position and currencies involved.
How do you calculate the value of 40 pips?
The core calculation starts with the pip size and the number of currency units in the trade. For most currency pairs, one pip is 0.0001. For many JPY pairs, one pip is 0.01.
40-pip value = one-pip value × 40.
Example: EUR/USD, 1 lot
One standard lot is 100,000 units. EUR/USD uses a pip size of 0.0001. Therefore 0.0001 × 100,000 = $10 per pip because USD is the quote currency. Multiply by 40: $10 × 40 = $400.
Example: EUR/USD, 0.10 lot
0.10 lot is 10,000 units. 0.0001 × 10,000 = $1 per pip. Forty pips is therefore $40.
Example: EUR/USD, 0.01 lot
0.01 lot is 1,000 units. 0.0001 × 1,000 = $0.10 per pip. Forty pips is $4.
When conversion is required
The first calculation gives pip value in the quote currency. If the trading account uses another currency, that amount has to be converted using the relevant exchange rate. This is why the Forex Pip Calculator is more reliable than a memorized table when the pair and account currency differ.
40 pips at micro, mini and standard lot sizes
Forex lot terminology is simply a convenient way to describe position size. Myfxbook's current pip calculator describes one standard lot as 100,000 units. A mini lot is commonly 10,000 units and a micro lot 1,000 units.
| Position | Units | EUR/USD pip value in USD account | 40-pip value |
|---|---|---|---|
| 0.001 lot | 100 | $0.01/pip | $0.40 |
| 0.01 lot | 1,000 | $0.10/pip | $4 |
| 0.05 lot | 5,000 | $0.50/pip | $20 |
| 0.10 lot | 10,000 | $1/pip | $40 |
| 0.25 lot | 25,000 | $2.50/pip | $100 |
| 0.50 lot | 50,000 | $5/pip | $200 |
| 1.00 lot | 100,000 | $10/pip | $400 |
| 2.00 lots | 200,000 | $20/pip | $800 |
The relationship is linear
Double the position size and you double the pip value. Halve the position size and you halve it. This makes the cash result easy to scale once you know the value of one pip.
How much is 40 pips worth on EUR/USD?
For a USD-denominated account, EUR/USD is one of the easiest examples because USD is already the quote currency.
0.01 lot EUR/USD
Approximately $0.10 per pip. Forty pips is about $4.
0.10 lot EUR/USD
Approximately $1 per pip. Forty pips is about $40.
1.00 lot EUR/USD
Approximately $10 per pip. Forty pips is about $400.
What if the account is in EUR?
The $10 quote-currency pip value for one standard lot must be converted into EUR. If EUR/USD were 1.1700, dividing $10 by 1.1700 gives about €8.55 per pip, so 40 pips would be about €341.88. The exact amount changes with the exchange rate.
How much is 40 pips worth on GBP/USD?
GBP/USD behaves like EUR/USD for a USD account because USD is the quote currency. At 1.00 lot, the pip value is approximately $10, so 40 pips is about $400. At 0.10 lot it is about $40, and at 0.01 lot about $4.
Why the current GBP/USD price does not change this USD pip value
When the account currency is the quote currency, the pip calculation already ends in that currency. The current pair price becomes important when converting the pip value into the base currency or another account currency.
How much is 40 pips worth on USD/JPY?
JPY pairs use a different conventional pip size: 0.01. At one standard lot, 0.01 × 100,000 = ¥1,000 per pip. Forty pips is ¥40,000 before converting into another account currency.
USD account example
If USD/JPY were 150.00, ¥1,000 per pip divided by 150 is approximately $6.67 per pip. Forty pips would therefore be about $266.67 at one standard lot. If USD/JPY changes, the dollar pip value changes too.
0.10 lot example
At the same 150.00 reference rate, the pip value is about $0.667 at 0.10 lot, so 40 pips is roughly $26.67.
Why JPY examples prove that $400 is not universal
Both EUR/USD and USD/JPY can move 40 pips, but the dollar result for one standard lot can differ materially. Use the current rate rather than assuming every standard lot is $10 per pip.
How much is 40 pips worth on EUR/GBP or GBP/JPY?
Cross pairs become more interesting when neither currency matches your account currency.
EUR/GBP in a USD account
One standard lot has a quote-currency pip value of £10 because GBP is the quote currency. To express the result in USD, £10 must be converted using GBP/USD. If GBP/USD were 1.35, one pip would be about $13.50 and 40 pips about $540.
GBP/JPY in a USD account
One pip for a standard lot is ¥1,000. That must be converted into USD using an appropriate JPY/USD or USD/JPY relationship. The value changes as the exchange rate changes.
Crosses are where a calculator saves time
The arithmetic is straightforward but easy to reverse accidentally. The main Forex Pip Calculator is designed for exactly this situation.
Why account currency changes what 40 pips is worth
A USD trader, EUR trader and SAR trader can open the same currency pair at the same lot size yet see different cash values in their account. The market movement is identical; the reporting currency is different.
Account = quote currency
No extra conversion. EUR/USD in USD is the cleanest example.
Account = base currency
Convert by the current pair rate. EUR/USD in EUR is a common example.
Third-currency account
Use a cross rate between the quote currency and the account currency.
SAR or AED account
The final pip value must be expressed in SAR or AED, generally requiring a conversion from the quote currency.
Why the cash amount can move even if lot size stays unchanged
When conversion is required, the relevant exchange rate can change over time. Your underlying quote-currency pip value may stay the same while its translated account-currency value changes.
40 pips can be a profit or a loss
The calculation works in both directions. If 40 pips is worth $400 at your position size, a favorable 40-pip move is roughly +$400 before other effects, while an adverse 40-pip move is roughly -$400.
Do not look only at the upside
Traders often ask “How much can I make from 40 pips?” A more useful question is “How much can I lose if my stop is 40 pips away?” Position size should be chosen with the loss side in mind first.
Leverage does not change the number of pips
Leverage changes how much margin is required to control a position. A larger leveraged position increases the cash value of every pip, including losing pips. It does not make a 40-pip market move more likely.
Risk-based sizing
If your account can tolerate only a $40 loss and your stop is 40 pips, the position should be sized near $1 per pip, subject to the pair's actual pip value. If the stop is 20 pips, a $40 risk budget allows about $2 per pip.
What does a 40-pip stop loss cost?
A 40-pip stop is a perfect example of why pip value matters.
A 40-pip stop is about $4.
A 40-pip stop is about $40.
A 40-pip stop is about $200.
A 40-pip stop is about $400.
A 40-pip stop is about $1,000.
Stop distance should come before lot size
The stop belongs where the trade idea is invalidated. Once the technical stop distance is known, choose the position size that keeps the cash loss inside your risk budget. Choosing a large lot size first and then forcing a tiny stop around it reverses the process.
Is 40 pips worth the same on gold (XAU/USD)?
No universal forex answer should be copied directly to gold. Brokers can define the tick size, contract size and point terminology for XAU/USD differently. Many traders casually say “pips” when discussing gold, but the platform specification may use points or ticks in a way that does not map cleanly to the standard forex pip convention.
Use the broker's contract specification
For gold, check contract size, tick size, tick value and volume step on the trading platform. Then calculate the cash effect of the exact price move. Do not assume that “40 pips on gold = $400 at one lot” simply because that is a common EUR/USD example.
Why this article stays forex-specific
The headline query is commonly associated with forex pips, where the conventional 0.0001 / 0.01 definitions are established. CFDs on metals, indices or crypto require instrument-specific specifications.
40 pips vs 40 points: are they the same?
Not always. Many five-decimal forex quotes show fractional pips. If EUR/USD is quoted to five decimal places, the final digit is often one-tenth of a pip.
Example
A move from 1.10000 to 1.10400 is 0.00400. That is 40 standard pips. On a platform that counts the fifth decimal as a point, it may display 400 points.
Why traders get the value wrong
If someone enters “40” into a calculator while their platform report actually means 40 fractional points, they can overstate the move by a factor of ten. Always confirm whether your platform is showing pips, points or ticks.
Why use a Forex Pip Calculator instead of memorizing a table?
For EUR/USD in a USD account, memorization works well because the values are neat. But the moment you switch to USD/JPY, EUR/GBP, GBP/JPY, a non-USD account or an unusual lot size, exchange-rate conversion becomes part of the answer.
The Forex Pip Calculator is the better primary tool because it lets you calculate the actual pip value rather than assuming the clean $10-per-pip standard-lot example applies everywhere.
Use this quick converter when the question is exactly 40 pips
The tool at the top of this page is intentionally narrow: it answers “What is 40 pips worth?” quickly. For 17 pips, 75 pips, a custom account currency or broader planning, use the main calculator.
Worked 40-pip examples
| Scenario | Approx. 1-pip value | Approx. 40-pip value | Why |
|---|---|---|---|
| EUR/USD, USD account, 0.01 lot | $0.10 | $4 | USD is quote currency. |
| EUR/USD, USD account, 0.10 lot | $1 | $40 | 10,000 units. |
| EUR/USD, USD account, 1.00 lot | $10 | $400 | 100,000 units. |
| EUR/USD, EUR account, 1 lot at 1.1700 | ≈€8.55 | ≈€341.88 | $10 converted through EUR/USD. |
| USD/JPY, USD account, 1 lot at 150.00 | ≈$6.67 | ≈$266.67 | ¥1,000/pip divided by 150. |
| EUR/GBP, USD account, 1 lot, GBP/USD 1.35 | ≈$13.50 | ≈$540 | £10/pip converted into USD. |
These examples are educational snapshots, not live quotes. Use current exchange rates for the exact converted value.
Can 40 pips be “a lot” in forex?
That depends on context. Forty pips can be a small portion of a volatile pair's daily range, or a meaningful intraday move on a quieter pair. It can be a modest profit in a micro position or a large cash swing in a multi-lot position.
Market distance
Forty pips tells you how far price moved. It says nothing by itself about account size or leverage.
Cash exposure
The pip value tells you what that distance means financially. This is the variable that turns 40 pips from a chart measurement into money.
Risk context
If 40 pips represents a $40 loss on a $10,000 account, the risk context is very different from a $4,000 loss on the same account. That difference comes from position size.
Common mistakes when calculating 40 pips
This clean rule applies to common USD-quoted pairs in USD accounts, not every pair/account combination.
Many JPY pairs use 0.01 as one pip.
The quote-currency pip value may need conversion.
On fractional pricing, 40 points may represent only 4 pips.
The same pip value applies when price moves against you.
Converted pip values change as the relevant exchange rate changes.
How much is 40 pips worth as a percentage of your account?
The cash value of 40 pips is only half of the risk question. The other half is your account size. A $400 movement can be small for one account and extreme for another.
| 40-pip cash value | $1,000 account | $5,000 account | $10,000 account | $50,000 account |
|---|---|---|---|---|
| $40 | 4% | 0.8% | 0.4% | 0.08% |
| $100 | 10% | 2% | 1% | 0.2% |
| $200 | 20% | 4% | 2% | 0.4% |
| $400 | 40% | 8% | 4% | 0.8% |
| $1,000 | 100% | 20% | 10% | 2% |
Why this table matters
If a one-lot EUR/USD position makes 40 pips, the gross movement is about $400 in a USD account. On a $50,000 account, that is less than 1% of equity. On a $1,000 account, the same movement equals 40% of the account. The market move is identical; the account impact is completely different.
Use account risk before deciding lot size
Instead of asking “How many lots do I need so that 40 pips equals $400?” start with “How much can I afford to lose if 40 pips is my stop?” That reverses the calculation in a safer direction.
Is a 40-pip profit target realistic?
A 40-pip target can be realistic on many forex setups, but its quality depends on volatility, timeframe, stop distance and market structure. A 40-pip target on a quiet intraday EUR/USD setup can be ambitious, while 40 pips on a volatile GBP/JPY swing may be relatively small.
Target distance should come from structure
A trader should not place take profit exactly 40 pips away simply because “40 pips equals $400.” The target should relate to support, resistance, volatility, trend structure or the tested exit rule.
Reward-to-risk example
If the stop is 20 pips and the target is 40 pips, the planned reward-to-risk ratio is 2:1 before trading costs. If the stop is 40 pips and the target is also 40, the ratio is 1:1. The same 40-pip profit target has very different strategic meaning.
Costs matter more on shorter targets
If the all-in trading cost is 1 pip, a 40-pip gross target loses 2.5% of its distance to that cost. If the target is only 5 pips, the same one-pip cost consumes 20%.
40 pips profit with different stop-loss distances
One reason pips alone can be misleading is that they say nothing about how many pips were put at risk to earn them.
| Profit target | Stop distance | Planned reward:risk | Interpretation |
|---|---|---|---|
| 40 pips | 10 pips | 4:1 | High payoff requirement; stop may be tight depending on volatility. |
| 40 pips | 20 pips | 2:1 | Common asymmetric structure. |
| 40 pips | 30 pips | 1.33:1 | Moderate reward relative to stop. |
| 40 pips | 40 pips | 1:1 | Requires sufficient win rate after costs. |
| 40 pips | 80 pips | 0.5:1 | Average winner is smaller than the amount risked. |
Cash example at $10 per pip
A 40-pip target is about $400. A 20-pip stop is about $200, creating a $400-to-$200 planned payoff. An 80-pip stop would risk about $800 to target $400. The headline “I made 40 pips” does not reveal this difference.
How much is 40 pips worth in a SAR or AED trading account?
The calculation is the same principle: first determine the pip value in the pair's quote currency, then convert that value into the trading account currency. If the pair produces a USD pip value and your account is in SAR or AED, use the current USD-to-account conversion rate supported by your broker or the current market/reference rate.
Why not hard-code one conversion into the article?
Even currencies with tightly managed or pegged exchange-rate regimes should be handled through the account's actual conversion convention. Brokers can also apply conversion rules, markups or internal rates differently when calculating realized P/L.
Example process
If one pip is $10 in quote-currency terms, multiply that $10 by the USD-to-SAR or USD-to-AED conversion used for the account. Then multiply the converted one-pip value by 40. The quick converter at the top lets you enter a third-currency rate manually.
For full account-currency calculations
Use the main Forex Pip Calculator when you want the broader calculation rather than a fixed 40-pip result.
Does broker leverage change what 40 pips is worth?
Not directly. Pip value is determined by the currency pair, position size and conversion into the account currency. Leverage determines how much margin is required to control that position.
Same position, different leverage
A one-lot EUR/USD position can have a pip value of about $10 in a USD account whether the account leverage is 1:30, 1:100 or 1:500. The margin needed to open and maintain that position changes, but the approximate $10-per-pip exposure of the one-lot position does not.
Why leverage still matters
Higher leverage can make it possible to open a position much larger than the account could otherwise support. That can tempt a trader to increase lot size, which then increases the cash value of 40 pips. The leverage effect is therefore indirect but very important.
Margin is not risk
The margin used to open a trade is not the maximum possible loss. A position can move far beyond the amount originally posted as margin, depending on broker protections and market conditions. Position size and stop-loss planning remain essential.
How do spread and commission affect a 40-pip result?
If you say a trade moved 40 pips in your favor, that does not automatically mean you kept exactly 40 net pips. Transaction costs reduce the economic result.
Spread
You normally enter at one side of the bid/ask spread and exit using the other side. A one-pip effective spread can reduce a theoretical 40-pip move to roughly 39 pips of gross trading result, depending on how the move is measured.
Commission
On commission-based accounts, the quoted spread may be very small while a separate fee is charged per lot. To compare accounts, convert that fee into money or an approximate pip equivalent.
Slippage
A stop or market order can fill away from the expected price. If the planned target is exactly 40 pips, slippage can change the realized result.
Net value example
Suppose a one-lot EUR/USD trade has a $10 pip value and a gross 40-pip gain. Gross movement is $400. If the total spread/commission effect corresponds to 1.2 pips, the cost is about $12, leaving roughly $388 before any financing or other charges.
What if your broker uses a different contract size?
The clean standard-lot examples in this article assume the common forex convention of 100,000 base-currency units per standard lot. Most spot-forex/CFD platforms follow that convention for major currency pairs, but instrument specifications still matter.
Check contract size
If the contract size is not 100,000 units, the pip calculation changes. This is especially important outside conventional forex pairs, where a broker may use different contract sizes for metals, indices, energy or crypto CFDs.
Check volume step
A broker may allow 0.01-lot increments, 0.001 increments or another step. The exact position you can place may therefore differ from the theoretical size your risk calculation produces.
Check tick size and tick value
For non-forex instruments, tick terminology can be more reliable than saying “pip.” Read the platform's contract specification rather than forcing a forex pip rule onto every CFD.
How to reverse the question: what lot size makes 40 pips worth a specific amount?
You can work backward when you know the cash amount you want 40 pips to represent. On EUR/USD in a USD account, where one standard lot is approximately $10 per pip, the relationship is especially easy.
| Desired value of 40 pips | Required pip value | Approx. EUR/USD lot size in USD account |
|---|---|---|
| $20 | $0.50/pip | 0.05 lot |
| $40 | $1/pip | 0.10 lot |
| $100 | $2.50/pip | 0.25 lot |
| $200 | $5/pip | 0.50 lot |
| $400 | $10/pip | 1.00 lot |
| $1,000 | $25/pip | 2.50 lots |
Why this should not become an income-sizing shortcut
If you decide “I want 40 pips to equal $1,000,” the resulting 2.5-lot exposure also means a 40-pip adverse move is about -$1,000. The size must still fit the account and stop-loss risk.
Use risk-based sizing instead
A safer reverse calculation starts with the maximum cash loss, divides it by the stop distance to obtain the maximum cash value per pip, then converts that pip value into a position size.
40 pips in a trading journal: what should you record besides the number?
A journal entry that says “+40 pips” is incomplete. To compare trades meaningfully, record the pair, lot size, account currency, stop distance, target distance, cash P/L, spread/commission, R-multiple and whether the trade followed the strategy rules.
Why lot size belongs in the journal
Two +40-pip trades can have completely different financial outcomes when one uses 0.05 lot and the other uses 1.00 lot. Without size, the pip result cannot be translated into account impact.
Why R belongs beside pips
A +40-pip trade with a 20-pip initial risk is +2R before costs. A +40-pip trade with an 80-pip initial risk is only +0.5R. Recording both prevents the pip count from hiding poor risk efficiency.
Why costs belong in the journal
If your gross move is +40 pips but spread, commission and slippage consume 1.5 pips, the net result is closer to +38.5 pips. High-frequency traders can discover that a meaningful share of their apparent edge disappears after costs.
A better journal line
Instead of “EUR/USD +40 pips,” write: “EUR/USD, 0.10 lot, USD account, +40 gross pips, +38.8 net pips after costs, +1.94R, $38.80 net.” That single line is much more useful for reviewing performance.
Why searchers asking “How much is 40 pips worth?” are usually asking two different questions
Some users want a fast conversion — “Is 40 pips $4, $40 or $400?” Others are really asking whether a 40-pip target or stop is large enough to matter. The answer depends on both money and market context.
The conversion question
For this, all you need is pair, size and account currency. The converter above gives the direct cash answer.
The trading-plan question
For this, you also need volatility, stop placement, reward-to-risk ratio, spread, commission and account size. A $400 target means little without knowing whether the planned loss is $100, $400 or $2,000.
Use the right tool for the right layer
This page specializes in the fixed 40-pip question. The main Forex Pip Calculator should remain your primary tool when the pip amount, lot size, pair or account currency changes from trade to trade.
Frequently asked questions about 40 pips
How much is 40 pips with 0.01 lot?
On EUR/USD in a USD account, about $4. Other pairs and account currencies can differ.
How much is 40 pips with 0.10 lot?
On EUR/USD in a USD account, about $40.
How much is 40 pips with 1 standard lot?
On EUR/USD in a USD account, about $400.
Is 40 pips always $400 on one lot?
No. USD/JPY, EUR/GBP and other pair/account combinations can produce a different cash value.
How much is 40 pips on USD/JPY?
It depends on the USD/JPY rate. At a reference rate of 150.00, one standard lot is about $6.67 per pip in a USD account, so 40 pips is about $266.67.
How much is 40 pips in EUR?
It depends on the pair and current conversion rate. For EUR/USD at 1.1700 and one standard lot, 40 pips converts to roughly €341.88.
How much is a 40-pip stop loss?
Multiply 40 by your cash value per pip. At $1/pip, the stop is about $40; at $10/pip, about $400.
Does leverage change the value of 40 pips?
Leverage itself does not change pip size. A larger position made possible by leverage increases the cash value per pip.
Are 40 pips and 40 points the same?
Not necessarily. On many fractional forex quotes, ten points equal one standard pip.
What is the easiest way to calculate 40 pips for any pair?
Use the Forex Pip Calculator with the pair, trade size and account currency.
Final answer: how much is 40 pips worth?
For the common EUR/USD example in a USD account, 40 pips is approximately $4 at 0.01 lot, $40 at 0.10 lot and $400 at 1.00 lot. That is the fastest answer.
The complete answer is that 40 pips equals 40 × the value of one pip, and the value of one pip depends on the currency pair, position size and account currency. When the account currency differs from the quote currency, an exchange-rate conversion is required.
So do not memorize “40 pips = $400.” Memorize the process: identify the pair, identify the lot size, calculate one pip, then multiply by 40.
Use the Forex Pip Calculator for the full calculation.
Our dedicated Forex Pip Calculator is the primary tool for converting pips into money across currency pairs, lot sizes and account currencies. Use this 40-pip page for the quick answer; use the main calculator for the exact trade.
Not limited to 40 pips.
Micro, mini, standard and custom size.
Calculate what the pip is worth in the currency you actually use.
Sources and methodology
- BabyPips — Pip Value Calculator: pair, position size, account currency and exchange-rate inputs used to determine pip value.
- BabyPips — Pips and Pipettes: conventional 0.0001 pip size for most pairs and 0.01 for many JPY pairs.
- Myfxbook — Pip Calculator: standard-lot definition and current pip-calculation method.
- CFTC — Retail Forex Advisory: fees, leverage and risk considerations.
Educational content only. Exchange rates, spreads and broker contract specifications can change. The quick converter uses the rate you enter and assumes the conventional forex pip definitions described above. Verify the actual instrument specification before trading.