monday gappies200910, page-45

  1. 447 Posts.
    Unfortunately, there is no fixed answer for a pip. A pip by definition is smallest tradeable unit. Some exchanges allow traders to trade down to 5 decimals although the more typical one is 4 decimals to which your 1cent = 100pips is correct.

    Again, it depends on the cross rate since the JPY would be different as well.

    For e.g. AUDUSD is currently 0.9578, +1 pip = 0.9579 and +100 pips = 0.9678.

    Hope that made sense.
 
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