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Forex Pip Value Calculator Guide for EURTRY: Determining its Pip Value

EURTRY Pips Calculator - How to calculate EURTRY Pip Explained

What's the Pip Value for EURTRY Currency Pair?

The EUR/TRY currency pair is quoted to four decimal places and the last decimal place is known as the pip.

For brokers quoting EURTRY using a five-decimal format, the fifth decimal is regarded as a fraction of a pip or pipette, while the fourth decimal is identified as the PIP.

The Pip value for EUR/TRY when trading with 1 standard lot equates to $1.75. EUR/TRY transactions are conducted in defined groups called lots: one lot of EUR TRY corresponds to 100,000 currency units.

EUR/TRY transactions utilize lots to enhance pip value, thereby increasing potential trade profitability.

EURTRY Pip Value Simplified in USD Terms

The monetary value represented by one Pip (Point) for the EURTRY currency pair, when trading one lot, is $1.75.

To calculate the EUR/TRY pip value, use the traded position size based on lot type. The three main lot sizes used when trading EUR/TRY are detailed in the explanation that follows.

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


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

    If you execute a trade of 1 standard lot, one Pip change in EUR/TRY translates to a value of $1.75.

    Trading one mini lot of EUR TRY results in a Pip value equivalent to $0.175 per Pip.

    For 1 micro lot traded, the value of one Pip in EURTRY is calculated to be $0.0175.

    Pip Value Calculator for EUR/TRY: How to Determine the Pip Value for EUR TRY - EUR TRY Currency Pair Pips Calculator.

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