# What’s a pip?

#### Eliza_King

##### Recruit
Please explain to me what a pip is?

Please explain to me what a pip is?
The unit of measurement to express the change in value between two currencies is called a “pip.
Check out the education section will find lot of info there

Pip in my understanding is smallest unit price change on 4 digit broker, let say EURUSD move from 1.2000 to 1.2001 it has value 1 pip, but in 5 digit broker called a pipette, its smallest unit price change, let say EURUSD 5 digit broker move from 1.20000 to 1.20001 it has value 1 pipette, so 1 pip equivalent with 10 pipettes, corrected if me wrong.

It is the smallest unit of the price movement of a currency pair. For most of the currency pair one pip is equal to 0.0001.

Please explain to me what a pip is?
I'd also recommend getting on to BabyPips School of Pipsology
Really great to start on

I'd also recommend getting on to BabyPips School of Pipsology
Really great to start on
Oooh yes I’ve seen this before - thanks!

Pip in my understanding is smallest unit price change on 4 digit broker, let say EURUSD move from 1.2000 to 1.2001 it has value 1 pip, but in 5 digit broker called a pipette, its smallest unit price change, let say EURUSD 5 digit broker move from 1.20000 to 1.20001 it has value 1 pipette, so 1 pip equivalent with 10 pipettes, corrected if me wrong.
Ok I get you! Thanks!

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