Pip Calculator XAU/GBP
Using estimated rate
Calculate pip value for XAU/GBP
Inputs
Identify pip size
{pipSize} for {pair} ({decimals}-decimal pricing) XAU/GBP = 0.01
= 0.01
Apply pip value formula
(0.01 ÷ 1.000) × 1 × 100
= 1.00
For XAU/GBP pip calculations: XAU/GBP uses 2-decimal pricing (0.01 per pip) since GBP is valued in hundreds per unit. Contract size: 100 units. Typical spreads: 30-45 pips.
Frequently Asked Questions
How many decimal places does XAU/GBP use for pip calculation?
XAU/GBP uses 2-decimal pricing, meaning one pip equals 0.01. This is standard for commodity pairs where the quote currency is GBP.
What is the pip value for 1 standard lot of XAU/GBP?
For 1 standard lot (100 units) of XAU/GBP, the pip value depends on the current exchange rate. Use this calculator to get the exact value in your account currency.
Why does XAU/GBP have different pip decimals than other pairs?
XAU/GBP uses 2-decimal pricing because GBP is the quote currency. JPY pairs use 2 decimals, most others use 4, and commodities vary based on the asset.