Pip is an acronym for ‘percentage in point’. A pip is a unit of measurement for price movement.
We use pips to measure the change in the price of one currency in relation to another.
One pip is the smallest price change that a given exchange rate can make,
and so refers to the very last digit of a price.
For instance, if the EUR/USD moves from 1.1190 to 1.1191,
this would be a movement of 1 pip in the exchange rate
Contact us
- Live Chat Message Us
- Open a ticket Get in touch
- Chat with us WhatsApp
-
Working Hours: Monday to Friday: from 8:00am till Midnight
Sunday: From 9:00am till 6:00pm
Comments
1 comment
Example given is for currency only. What is not clear for me
1. Whether PIP is only used in currency market
2. What is PIP in relation to equity market. You can also share some example like you shared for currency
Please sign in to leave a comment.