EUR/USD Pip Value

EUR/USD is the most traded currency pair in the world, accounting for more forex volume than any other pairing. It sets the standard for how pip math works: the pip size is 0.0001, and because the quote currency is the US dollar, a standard lot (100,000 EUR) is worth exactly $10 per pip in a USD account — no conversion step required. A mini lot is $1 per pip; a micro lot is $0.10.

That fixed, round pip value is why most position-sizing examples are written around this pair. A 25-pip stop on one standard lot risks $250, always. The pair's liquidity also keeps spreads at their tightest — often under one pip at major brokers during the London/New York overlap — so more of your risk budget goes to the trade and less to costs. Interest-rate expectations for the Fed and ECB drive the bigger moves; US CPI and payrolls mornings are its most volatile windows.