In the financial markets, pip (percentage in point) commonly refers to the smallest unit of change in a currency pair's exchange rate. Most major currency pairs are priced with four or five decimal digits, and a pip is the fourth decimal one, while the fifth digit equals tenth of a pip. For Dollar currencies, pips equal 1/100th of a cent.
What is a Pip? Print
Modified on: Tue, 17 Jan, 2023 at 8:15 AM