Pip Calculator WTI/USD
Calculate pip value for WTI/USD
Inputs
Identify pip size
{pipSize} for {pair} ({decimals}-decimal pricing) WTI/USD = 0.01
= 0.01
Apply pip value formula
(0.01 ÷ 1.000) × 1 × 100
= 1.00
For WTI/USD pip calculations: WTI/USD uses 2-decimal pricing (0.01 per pip) since USD is valued in hundreds per unit. Contract size: 100 units. Typical spreads: 4.0-6.0 pips.
Frequently Asked Questions
How many decimal places does WTI/USD use for pip calculation?
WTI/USD uses 2-decimal pricing, meaning one pip equals 0.01. This is standard for commodity pairs where the quote currency is USD.
What is the pip value for 1 standard lot of WTI/USD?
For 1 standard lot (100 units) of WTI/USD, the pip value depends on the current exchange rate. Use this calculator to get the exact value in your account currency.
Why does WTI/USD have different pip decimals than other pairs?
WTI/USD uses 2-decimal pricing because USD is the quote currency. JPY pairs use 2 decimals, most others use 4, and commodities vary based on the asset.