Pip Calculator EUR/NOK
Using estimated rate
Calculate pip value for EUR/NOK
Inputs
Identify pip size
{pipSize} for {pair} ({decimals}-decimal pricing) EUR/NOK = 0.0001
= 0.0001
Apply pip value formula
(0.0001 ÷ 1.00000) × 1 × 100,000
= 10.00
For EUR/NOK pip calculations: EUR/NOK uses standard 4-decimal pricing where one pip equals 0.0001. This exotic pair has wider spreads (30-45 pips) due to lower trading volume.
Frequently Asked Questions
How many decimal places does EUR/NOK use for pip calculation?
EUR/NOK uses 4-decimal pricing, meaning one pip equals 0.0001. This is standard for exotic pairs where the quote currency is NOK.
What is the pip value for 1 standard lot of EUR/NOK?
For 1 standard lot (100,000 units) of EUR/NOK, the pip value depends on the current exchange rate. Use this calculator to get the exact value in your account currency.
Why does EUR/NOK have different pip decimals than other pairs?
EUR/NOK uses 4-decimal pricing because NOK is the quote currency. JPY pairs use 2 decimals, most others use 4, and commodities vary based on the asset.