Pip Value Calculation for a Non-USD Account...来自MeVsSoros

22 May 2020, 14:46 · 阅读量 551

Whatever currency the account is funded in, when that currency is listed second in a pair, the pip values are fixed.

For example, if you have a Canadian dollar (CAD) account, any pair that is XXX/CAD, such as the USD/CAD will have a fixed pip value. A standard lot is CAD$10, a mini lot is CAD$1, and a micro lot is CAD$0.10.

To find the value of a pip when the CAD is listed first, divide the fixed pip rate by the exchange rate. For example, if the exchange rate for the Canadian dollar/Swiss franc (CAD/CHF) is 0.7820, a pip is worth CAD$1.28 for a mini lot (CAD$1 divided by 0.7820).

If the pair includes the Japanese yen (JPY)⁠—for example, the CAD/JPY⁠—you must multiply the result by 100 after dividing by the exchange rate. That's because for the yen, a pip is 0.01 rather than 0.0001.

For example, if the CAD/JPY is priced at 89.09, to find out the standard pip value, divide CAD$10 by 89.09, then multiply the result by 100, for a pip value of CAD$11.23.

Go through this process with any account currency to find pip values for pairs that include that currency.

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Cable (or the cable) is a foreign exchange term used for the GBP/USD currency pair rate (British pound priced in US dollars). The term cable is a slang term used by forex traders to refer to the exchange rate between the pound and dollar and is also used to simply refer to the British pound itself. The term originated in the mid-19th century, when the exchange rate between the U.S. dollar and British pound began to be transmitted across the Atlantic by a submarine communications cable. Since that time the exchange rate has been referred to as the cable.

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