US Dollar / Canadian Dollar
USD/CAD Pip Value
Nicknamed 'Loonie', closely tied to oil prices given Canada's energy exports.
- Base currency
- USD
- Quote currency
- CAD
- Pip size
- 0.0001
- Pip value (standard lot)
- Depends on the current rate — see calculator
How USD/CAD pip value works
pip value (quote currency) = pip size × units traded. USD/CAD uses the standard pip size of 0.0001.
Because the quote currency is CAD (not USD), pip value must be converted at the current CAD/USD rate — enter that rate in the pip value calculator.
Frequently asked questions
- What is the pip size for USDCAD?
- 0.0001 — non-JPY pairs use 0.0001.
- What is the pip value for USDCAD?
- Pip value depends on the current CAD/CAD rate since the quote currency (CAD) isn't USD — use the pip value calculator with today's rate for an exact figure.
- What does USDCAD mean?
- US Dollar / Canadian Dollar: the base currency is USD and the quote (counter) currency is CAD. The price shows how many CAD it takes to buy 1 USD.
- What is USDCAD known for?
- Nicknamed 'Loonie', closely tied to oil prices given Canada's energy exports.
- How do I size a position on USDCAD?
- Use the lot size calculator with your account risk % and stop-loss in pips — it applies this pair's pip size automatically.
Reference last reviewed 2026-06-01. Pip size and quote/base currency conventions rarely change, but always confirm against your broker's contract specs.