monday gappies200910, page-46

  1. 86 Posts.
    My understanding is as follows.

    1 US cent = 100 pips
    1 US cent = 1000 points
    Hence 1 pip = 10 points
    For pairs which are not quoted in USD the value of a pip will vary according to whether the quote currency is worth more or less than the USD. Still 100 pips to 1 Aus cent, 1 Cad cent, 1 yen, 1 british penny etc.

    In Eur/Usd, Eur is Base currency and Usd is Quote currency.

    Hope this helps, Cheers P51

 
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