Confused.Help with Pips

Beginner Questions
1

I’m sorry if this has been answered before but I cant find anything on the site.

I’m a bit confused about the decimal points on the different currencies and how many pips a certain currency has gone up/down. For example

GBPJPY current price: 133.400 if goes upto 133.480 does this equal 80 pips?

NZDUSD current price 0.73300 and it goes upto 0.73350 does this mean it up by 50 pips?

USDCAD current price 1.02560, goes upto 1.02580= 20 pips?

CHFJPY current 85.500, goes upto 85.550= 50 pips?

Thanks

Az

2

Yen pairs have 3 decimal places with a lot of brokers but the last place is a pipette so don’t worry about it when working out how many pips are involved. So your GBP/JPY move from 133.400 to 133.480 is +8 pips. Non-Yen pairs have 5 decimal places with the last one being a pipette so your NZD/USD move from 0.73300 to 0.73350 is a +5 pip move.

Edit to add: You can off course measure moves in fractional pips too so 133.40 to 133.482 would be +8.2 pips.

3

GBPJPY current price: 133.400 if goes upto 133.480 = 8 pips
NZDUSD current price 0.73300 and it goes upto 0.73350 = 5 pips
USDCAD current price 1.02560, goes upto 1.02580= 2 pips
CHFJPY current 85.500, goes upto 85.550=5 pips

5

Thanks guys, thats cleared things up :slight_smile:
I placed some paper trades and the way I was calculating the pips I was up by 20 or 30 pips on each trade!!! I thought I found the holy grail!!