Pip Calculator GBP/ZAR
Using estimated rate
Calculate pip value for GBP/ZAR
Inputs
Identify pip size
{pipSize} for {pair} ({decimals}-decimal pricing) GBP/ZAR = 0.0001
= 0.0001
Apply pip value formula
(0.0001 ÷ 1.00000) × 1 × 100,000
= 10.00
For GBP/ZAR pip calculations: GBP/ZAR uses standard 4-decimal pricing where one pip equals 0.0001. This exotic pair has wider spreads (100-150 pips) due to lower trading volume.
Frequently Asked Questions
How many decimal places does GBP/ZAR use for pip calculation?
GBP/ZAR uses 4-decimal pricing, meaning one pip equals 0.0001. This is standard for exotic pairs where the quote currency is ZAR.
What is the pip value for 1 standard lot of GBP/ZAR?
For 1 standard lot (100,000 units) of GBP/ZAR, the pip value depends on the current exchange rate. Use this calculator to get the exact value in your account currency.
Why does GBP/ZAR have different pip decimals than other pairs?
GBP/ZAR uses 4-decimal pricing because ZAR is the quote currency. JPY pairs use 2 decimals, most others use 4, and commodities vary based on the asset.