Forex Calculator

Forex Profit/Loss & Pip Value Calculator

USD – US Dollar EUR – Euro GBP – British Pound JPY – Japanese Yen AUD – Australian Dollar CAD – Canadian Dollar CHF – Swiss Franc NZD – New Zealand Dollar

EUR/USD GBP/USD USD/JPY AUD/USD USD/CAD USD/CHF NZD/USD EUR/GBP EUR/JPY GBP/JPY AUD/JPY CAD/JPY CHF/JPY NZD/JPY AUD/NZD EUR/AUD GBP/AUD EUR/CAD GBP/CAD EUR/CHF GBP/CHF

function getCurrencySymbol(currencyCode) { var symbols = { "USD": "$", "EUR": "€", "GBP": "£", "JPY": "¥", "AUD": "A$", "CAD": "C$", "CHF": "CHF", "NZD": "NZ$" }; return symbols[currencyCode] || currencyCode; } function updateConversionRateField() { var accountCurrency = document.getElementById("accountCurrency").value; var currencyPair = document.getElementById("currencyPair").value; var parts = currencyPair.split('/'); var quoteCurrency = parts[1]; var conversionRateField = document.getElementById("conversionRateField"); var conversionRateLabel = document.getElementById("conversionRateLabel"); var conversionRateInput = document.getElementById("conversionRate"); if (accountCurrency === quoteCurrency) { conversionRateField.style.display = "none"; conversionRateInput.value = "1"; // Default to 1 if not needed } else { conversionRateField.style.display = "block"; conversionRateLabel.innerHTML = "Current Rate: " + accountCurrency + "/" + quoteCurrency + " (e.g., " + accountCurrency + " per 1 " + quoteCurrency + ")"; // Set a reasonable default or clear it for user input if (accountCurrency === "USD" && quoteCurrency === "JPY") { conversionRateInput.value = "145.00"; } else if (accountCurrency === "EUR" && quoteCurrency === "USD") { conversionRateInput.value = "1.08"; } else if (accountCurrency === "GBP" && quoteCurrency === "USD") { conversionRateInput.value = "1.25"; } else { conversionRateInput.value = ""; // Clear for user to input } } } function calculateForex() { var accountCurrency = document.getElementById("accountCurrency").value; var currencyPair = document.getElementById("currencyPair").value; var tradeSizeLots = parseFloat(document.getElementById("tradeSizeLots").value); var entryPrice = parseFloat(document.getElementById("entryPrice").value); var exitPrice = parseFloat(document.getElementById("exitPrice").value); var conversionRate = parseFloat(document.getElementById("conversionRate").value); var resultDiv = document.getElementById("forexResult"); var errorMessage = ""; if (isNaN(tradeSizeLots) || tradeSizeLots <= 0) { errorMessage += "Please enter a valid Trade Size (Lots) greater than 0."; } if (isNaN(entryPrice) || entryPrice <= 0) { errorMessage += "Please enter a valid Entry Price greater than 0."; } if (isNaN(exitPrice) || exitPrice <= 0) { errorMessage += "Please enter a valid Exit Price greater than 0."; } var parts = currencyPair.split('/'); var baseCurrency = parts[0]; var quoteCurrency = parts[1]; if (accountCurrency !== quoteCurrency && (isNaN(conversionRate) || conversionRate <= 0)) { errorMessage += "Please enter a valid Conversion Rate for " + accountCurrency + "/" + quoteCurrency + "."; } if (errorMessage) { resultDiv.style.backgroundColor = "#f8d7da"; resultDiv.style.borderColor = "#f5c6cb"; resultDiv.style.color = "#721c24"; resultDiv.innerHTML = "Error:" + errorMessage; return; } var pipStep = (quoteCurrency === "JPY" || baseCurrency === "JPY") ? 0.01 : 0.0001; var standardLotSize = 100000; // 1 standard lot = 100,000 units var tradeSizeUnits = tradeSizeLots * standardLotSize; // 1. Calculate Pips Gained/Lost var pipsChange = (exitPrice – entryPrice) / pipStep; var pipsDirection = pipsChange >= 0 ? "Profit" : "Loss"; // 2. Calculate Raw Profit/Loss in Quote Currency var rawProfitLossInQuote = (exitPrice – entryPrice) * tradeSizeUnits; // 3. Calculate Profit/Loss in Account Currency var profitLossInAccountCurrency; if (accountCurrency === quoteCurrency) { profitLossInAccountCurrency = rawProfitLossInQuote; } else { // conversionRate is AccountCurrency / QuoteCurrency (e.g., USD/JPY, EUR/USD) profitLossInAccountCurrency = rawProfitLossInQuote / conversionRate; } // 4. Calculate Pip Value per Lot in Account Currency var pipValueInQuotePerLot = pipStep * standardLotSize; // Value of 1 pip for 1 standard lot in quote currency var pipValuePerLotInAccount; if (accountCurrency === quoteCurrency) { pipValuePerLotInAccount = pipValueInQuotePerLot; } else { pipValuePerLotInAccount = pipValueInQuotePerLot / conversionRate; } var accountSymbol = getCurrencySymbol(accountCurrency); var quoteSymbol = getCurrencySymbol(quoteCurrency); resultDiv.style.backgroundColor = "#e9f7ef"; resultDiv.style.borderColor = "#d4edda"; resultDiv.style.color = "#155724"; resultDiv.innerHTML = "

Calculation Results:

" + "Pips " + pipsDirection + ": " + Math.abs(pipsChange).toFixed(2) + " pips" + "Total Profit/Loss: " + accountSymbol + " " + profitLossInAccountCurrency.toFixed(2) + "" + "Pip Value (per 1 Standard Lot): " + accountSymbol + " " + pipValuePerLotInAccount.toFixed(2) + "" + "(Note: Pip value is for 1 standard lot, your trade size is " + tradeSizeLots + " lots)"; } // Initialize the conversion rate field visibility on page load window.onload = updateConversionRateField;

Understanding the Forex Profit/Loss & Pip Value Calculator

The Forex market is the largest and most liquid financial market in the world, where currencies are traded. Understanding potential profits, losses, and the value of a pip is crucial for effective risk management and trading strategy. Our Forex Calculator helps you quickly determine these key metrics for any given trade scenario.

What is a Pip?

A "pip" (percentage in point) is the smallest unit of price movement in a currency pair. For most currency pairs, a pip is the fourth decimal place (0.0001). For pairs involving the Japanese Yen (JPY), a pip is the second decimal place (0.01). The value of a pip depends on the currency pair, your trade size, and your account currency.

How the Calculator Works:

1. Account Currency: This is the currency in which your trading account is denominated and where your profits/losses will be realized.
2. Currency Pair: The specific pair you are trading (e.g., EUR/USD, GBP/JPY). The calculator automatically identifies the base and quote currencies.
3. Trade Size (Lots): Your position size, typically expressed in standard lots (100,000 units), mini lots (10,000 units), or micro lots (1,000 units). Enter 1 for a standard lot, 0.1 for a mini lot, or 0.01 for a micro lot.
4. Entry Price: The price at which you opened your trade.
5. Exit Price: The price at which you closed or plan to close your trade.
6. Conversion Rate: This input becomes visible and necessary when your account currency is different from the quote currency of the pair you are trading. For example, if you are trading EUR/JPY with a USD account, you would need to input the current USD/JPY exchange rate. This rate is used to convert the profit/loss from the quote currency into your account currency. The calculator expects the rate as AccountCurrency / QuoteCurrency (e.g., USD/JPY if your account is USD and the quote currency is JPY).

Key Outputs:

• Pips Gained/Lost: The total number of pips your trade moved from entry to exit. A positive number indicates a gain, a negative number indicates a loss.
• Total Profit/Loss: The monetary value of your trade's profit or loss, expressed in your chosen account currency.
• Pip Value (per 1 Standard Lot): The monetary value of a single pip movement for a standard lot (100,000 units) in the specified currency pair, converted to your account currency. This helps you understand the risk/reward per pip before entering a trade.

Example Scenarios:

Scenario 1: Direct Conversion (Account Currency = Quote Currency)

• Account Currency: USD
• Currency Pair: EUR/USD
• Trade Size: 1 Lot
• Entry Price: 1.0850
• Exit Price: 1.0900
• Conversion Rate: (Not needed, as USD is the quote currency)
• Result:
  • Pips Gained: 50 pips
  • Total Profit/Loss: $500.00
  • Pip Value (per 1 Standard Lot): $10.00

Scenario 2: Cross-Currency Conversion (Account Currency ≠ Quote Currency)

• Account Currency: USD
• Currency Pair: GBP/JPY
• Trade Size: 0.5 Lots (50,000 units)
• Entry Price: 185.20
• Exit Price: 186.00
• Conversion Rate (USD/JPY): 145.00 (meaning 1 USD = 145 JPY)
• Result:
  • Pips Gained: 80 pips
  • Total Profit/Loss: $275.86 (Calculated as: (186.00 – 185.20) * 50,000 JPY = 40,000 JPY. Then 40,000 JPY / 145 USD/JPY = $275.86)
  • Pip Value (per 1 Standard Lot): $6.89 (Calculated as: (0.01 * 100,000 JPY) / 145 USD/JPY = $6.89)

This calculator is an essential tool for any forex trader, helping to quickly assess the financial implications of potential trades and manage risk effectively.