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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- monday gappies200910
My understanding is as follows.1 US cent = 100 pips1 US cent =...
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