Pip Calculator USD/CAD
Using estimated rate
Calculate pip value for USD/CAD
Inputs
Identify pip size
{pipSize} for {pair} ({decimals}-decimal pricing) USD/CAD = 0.0001
= 0.0001
Apply pip value formula
(0.0001 ÷ 1.35500) × 1 × 100,000
= 7.38
For USD/CAD pip calculations: USD/CAD uses standard 4-decimal pricing where one pip equals 0.0001. This major pair has typical spreads of 1.2-1.8 pips with high liquidity across all sessions.
Frequently Asked Questions
How many decimal places does USD/CAD use for pip calculation?
USD/CAD uses 4-decimal pricing, meaning one pip equals 0.0001. This is standard for major pairs where the quote currency is CAD.
What is the pip value for 1 standard lot of USD/CAD?
For 1 standard lot (100,000 units) of USD/CAD, the pip value depends on the current exchange rate. Use this calculator to get the exact value in your account currency.
Why does USD/CAD have different pip decimals than other pairs?
USD/CAD uses 4-decimal pricing because CAD is the quote currency. JPY pairs use 2 decimals, most others use 4, and commodities vary based on the asset.