Pip

PIP stands for point in percentage. A pip is the smallest amount by which a currency quote can change, and it’s most frequently set to 1/100th of 1% (or, $0.0001), for any USD based Forex pairs. The fraction of a pip allows price providers to lower the spreads.

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Live FX Rates

Symbol	Change	High	Low

EUR/USD	0.005	1.2578	1.2562
AUD/USD	0.0077	0.9838	0.9799
EUR/GBP	0.0017	0.8016	0.801
EUR/JPY	0.26	100.19	99.99
GBP/USD	0.0033	1.5692	1.5678
USD/CAD	-0.004	1.0271	1.0255
USD/CHF	-0.0032	0.957	0.9563
USD/JPY	-0.14	79.73	79.56

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Pip