What is a “pip”?

A "pip" the smallest amount by which a currency pair can change (though many brokers now offer fractional pips). Usually equivalent to $0.0001 for US dollar-related pairs. So for example if the EUR/USD goes from 1.4000 to 1.4015 that is a bullish change of 15 pips.

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  1. brave
    June 20, 2010 at 22:23 Reply

    hi
    can you tell me where USD/HUF pip?
    thanks

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