Pip/Points – Forex Economic Dictionary

Forex Economic Dictionary
Economic Dictionary

Pip/Pointsthe last digit placed after the decimal point in the quote, i.e. 0.0001 for the main currency pairs like EURUSD, GBPUSD, USDCHF, etc. and 0.01 in the course of the currency pairs involving the Japanese yen. In other words, this is the smallest price change that a given exchange rate can make.

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