Forex Basics
Topic outline
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A price interest point, point in percentage, point in price, or pip for short, is a price unit that measures the change in value between two currencies.
In most currency pairs like EURUSD, a pip corresponds to the 4th digit after the decimal point.
EURUSD 1.31534 USDCAD 1.36873 AUDUSD 0.97316 NZDUSD 0.65425 GBPUSD 1.27733 USDCHF 0.96321 In currency pairs that involve the Japanese Yen, like USDJPY, and the Hungarian Forint, like USDHUF, a pip corresponds to the second digit after the decimal point.
USDJPY 113.510 EURJPY 120.351 USDHUF 300.343 EURHUF 356.392