GBPHKD Pip Value Forex Calculator - How to Count GBPHKD Pip Value
GBPHKD Pips Calculator - How to calculate GBPHKD Pip Explained
What's the Pip Value for GBPHKD Currency Pair?
The GBP/HKD currency pair is quoted to four decimal places and the last decimal place is known as the pip.
If your broker quotes GBPHKD using 5 decimal quote, then the last decimal is what is known as a fraction of a pip or a pipette, but the 4th decimal is the PIP.
The Value of 1 Pip for GBP/HKD when trading 1 standard lot is $1.28. When trading GBP/HKD, GBP HKD is traded in lots (batches). 1 lot of GBP HKD is equal to 100, 000 units of currency.
GBPHKD is traded in lots so as to increase the value of 1 pip, therefore increasing the profit value when trading GBP/HKD.
What is GBPHKD Pip Value in U-SD? - How Much is 1 Pip in GBPHKD?
The Value per 1 Pip for GBPHKD Currency Pair for 1 Lot is - $1.28
To calculate the value of 1 GBP HKD Pip Size You will use the position size traded to calculate GBP/HKD pip value. The position size is determined by lot size, the three types of fore lots when trading GBP/HKD are:
- Standard Lot - Equal to 100,000 Units of Currency
- Mini Lot - Equivalent to 10,000 Units of Currency
- Micro Lot - Which is Equal to 1,000 Units of Currency
How To Count Pips on GBPHKD - How To Calculate Pips For GBPHKD
When trading 1 standard lot, 1 Pip GBP/HKD is equivalent to $1.28
When trading 1 mini lot, 1 Pips GBP HKD is equal to $0.128
When trading 1 micro lot, 1 GBPHKD Pip Count is equivalent to $0.0128
GBP/HKD Pip Value Calculator: How to Calculate GBP HKD Pip Value - Pips Calculator GBP HKD Currency Pair
