Trade Forex Trading

How to Count EURNZD Pips Value - EURNZD Pip Calculator

EURNZD Pips Value Calculator for EURNZD Currency Pair Explained

What is EURNZD Pip Value? - What is the value of 1 Pip EURNZD?

The EURNZD currency pair is quoted using four decimal places, with the last decimal identified as a pip.

When brokers utilize fractional pips and quote the EURNZD currency with five decimal places, the fifth decimal is referred to as a fractional pip or pipette, while the fourth decimal represents the standard PIP.

For EURNZD traded using 1 standard lot, the resulting Pip Value is $6.42. When dealing with EUR/NZD, transactions occur in standardized volumes called lots: a single lot of EUR/NZD equals 100,000 currency units.

EURNZD is traded in specific amounts to make the value of 1 pip bigger, which also makes the profit bigger when trading the EURNZD currency pair.

How Much is 1 Pip in EURNZD? - What is EURNZD Pip Value in U-SD?

The Value per 1 Pip(Point) for EURNZD Currency Pair for 1 Lot is - $6.42

To find the value of one EURNZD pip, use your trade size. That size comes from the lot type you pick for the EUR NZD trade. Three lot types exist for EUR/NZD trades.

  • Standard Lot - Which is equivalent to 100,000 Units of the Currency
  • Mini Lot - Equivalent to 10,000 Units of the Currency
  • Micro Lot - Equivalent to 1,000 Units of the Currency


    • How To Count Pips on EURNZD - How To Calculate Pips For EURNZD

    Trading EUR/NZD with one standard lot equates one pip movement to $6.42 in value.

    If trading the EUR NZD pair with 1 mini lot, a change of 1 Pip calculates to a value of $0.642.

    When trading EURNZD utilizing 1 micro lot, the value of 1 pip in EUR/NZD equates to $0.0642.

    EURNZD Pip Value Calculation: Examples Explaining How to Determine EURNZD Pips - EUR NZD Pip Calculator

    Learn More Courses & Topics:

    Forex Broker