NZDCAD Pip Value Calculator

Knowing what one pip of NZDCAD is actually worth, before you size a trade, is what this calculator answers — using NZDCAD's own real contract size and point value rather than a flat forex assumption.

How do I calculate pip value for NZDCAD?

At NZDCAD's stored contract size (100,000 units per lot), here's what one pip of movement is worth at three common lot sizes.

Say a trader opens 0.50 lots of NZDCAD, with a stop loss 32 pips away and a take profit 64 pips away.

Why does pip value change between instruments?

Pip value depends on the pair's quote currency and the current exchange rate, not just the pip size. NZDCAD is worth $7.05 per pip per lot right now — a different pair, or the same pair at a different exchange rate, would give a different dollar figure even with an identical pip count.

Why is pip calculation different for non-standard-decimal instruments like this one?

Most forex majors use a 4-decimal pip convention, but plenty of instruments don't: JPY pairs use 2 decimals, and NZDCAD uses its own quoting convention (one pip here equals a raw price move of 0.0001). This calculator uses NZDCAD's own real pip/point size rather than assuming the generic 4-decimal convention, which would silently miscount the move.

What one pip means on NZDCAD

Liquidity is thin compared with majors, so spreads can be much wider outside the busiest hours.

On this site one pip for NZDCAD is 0.0001 in price. If NZDCAD rose from 0.8023 to 0.8058, the move is 0.0035 ÷ 0.0001 = 35 pips.

How the value per pip is calculated

For one lot: 0.0001 × 100,000 = 10 CAD per pip for 1 lot; assuming USDCAD = 1.4200 (1 CAD = 1 ÷ 1.4200 = $0.704225), that is $7.04. Everything below uses $7.04 per pip for 1.00 lot.

NZDCAD value per pip at common lot sizes

• 1.00 lot: 1.00 × $7.04 = $7.04 per pip.
• 0.10 lots: 0.10 × $7.04 = $0.704 per pip.
• 0.01 lots: 0.01 × $7.04 = $0.0704 per pip.
• 5.00 lots: 5.00 × $7.04 = $35.20 per pip.

Value per pip grows in direct proportion to lot size, so doubling the lots doubles both the gain and the loss for every pip price moves.

Worked example: what a stop costs on 0.30 lots of NZDCAD

• Entry 0.8023, stop 0.7988: the distance is 35 pips.
• Value per pip on 0.30 lots: 0.30 × $7.04 = $2.11.
• Money at risk if the stop is hit: 35 × 0.30 × $7.04 = $73.92.
• Spread of 3 pips (an invented figure for this example): 3 × 0.30 × $7.04 = $6.34, which is 8.6% of the stop distance.

Check the spread against the stop before entering. On a 35 pip stop the spread above takes 8.6% of the room before price moves at all, and on a stop half as wide, 18 pips, it would take 16.7%.

Risk at other stop distances on 0.10 lots

• 18 pips: 18 × 0.10 × $7.04 = $12.67.
• 35 pips: 35 × 0.10 × $7.04 = $24.64.
• 70 pips: 70 × 0.10 × $7.04 = $49.28.
• 140 pips: 140 × 0.10 × $7.04 = $98.56.

Each doubling of the stop doubles the money at risk on the same lot size, which is why a wider stop needs a smaller position to keep the risk the same.

Working backwards: how far can the stop be?

Sometimes the lot size is fixed and the question is how wide the stop may be. Say you hold 0.10 lots of NZDCAD and will risk $100.

• Value per pip on 0.10 lots: 0.10 × $7.04 = $0.704.
• Stop distance: $100 ÷ $0.704 = 142.0, rounded down to 142 pips.
• Check: 142 × 0.10 × $7.04 = $99.97, inside the $100 budget.
• In price terms, 142 × 0.0001 = 0.0142, so a buy at 0.8023 would have its stop at 0.7881.

If that stop is too tight for how NZDCAD actually moves, the answer is fewer lots, not a stop that sits inside the normal noise. The NZDCAD lot size calculator does that step for you.

Does the value per pip change?

Yes, because NZDCAD is quoted in CAD. The value per pip is converted to US dollars at the going rate, so it moves with that rate. Suppose CAD loses 5% against the dollar: one CAD falls from $0.704225 to $0.704225 × 0.95 = $0.669014, and the value per pip for 1 lot becomes 10 × $0.669014 = $6.69 instead of $7.04. Re-check the value when the rate has moved a lot, especially before sizing a long-held position.

Verify the NZDCAD pip value with your broker

The contract size of 100,000 and the pip size of 0.0001 are reference values. Brokers can define a point or pip differently and quote an extra decimal, so compare $7.04 per pip with the tick value in your platform's contract specification. For background on the instrument, see the New Zealand dollar on Wikipedia.

Where to find the NZDCAD value in your platform

• Open the contract specification for NZDCAD (in MetaTrader, right-click the symbol in Market Watch and choose Specification).
• Check the contract size: this page assumes 100,000.
• Check the tick size and tick value, then scale to one pip of 0.0001 if they differ.
• Compare the result with $7.04 per pip per lot; a gap of more than a few percent usually means a different contract size or a different conversion rate.

More tools for NZDCAD

• Turn a risk amount and a stop distance into a lot size with the NZDCAD lot size calculator.
• See how much margin that position ties up with the NZDCAD margin calculator.
• Work out the result of a finished trade with the NZDCAD profit and loss calculator.
• Compare risk and reward before entering with the NZDCAD risk reward ratio calculator.
• Mark support and resistance from yesterday's range with the NZDCAD pivot points calculator.
• Compare a similar instrument: NZDUSD pip value calculator.
• Compare a similar instrument: USDCAD pip value calculator.

Conclusion

This only holds if 100,000 units per lot is actually your own broker's real contract size for NZDCAD — it's a figure that varies by broker, especially outside plain forex majors. Always confirm your own platform's NZDCAD specification (Market Watch, then Specification) before trusting a pip/point value for a real trade. See the difference between points and pips, Wikipedia's entry on percentage in point (pip) for the underlying concept, and real MT4 screenshots comparing pip value across different lot sizes.

Contract specification

Frequently asked questions