HK50 Pip Value Calculator
Indices
Knowing what one point of HK50 is actually worth, before you size a trade, is what this calculator answers — using HK50's own real contract size and point value rather than a flat forex assumption.
How do I calculate pip value for HK50?
At HK50's stored contract size (1 units per lot), here's what one point of movement is worth at three common lot sizes.
Say a trader opens 0.50 lots of HK50, with a stop loss 147 points away and a take profit 294 points away.
Why does pip value change between instruments?
Pip/point value depends on an instrument's own contract size convention and current price, not a universal rule. HK50 is worth $0.13 per point per lot at its stored contract size — a different contract size (common across brokers for indices) would scale that figure directly.
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 HK50 uses its own quoting convention (one point here equals a raw price move of 1). This calculator uses HK50's own real pip/point size rather than assuming the generic 4-decimal convention, which would silently miscount the move.
What one point means on HK50
Because the index is priced in Hong Kong dollars, which are pegged closely to the US dollar, one point is worth only a fraction of a dollar per lot, so lot sizes can be large.
On this site one point for HK50 is 1 in price. If HK50 rose from 24,400.0 to 24,520.0, the move is 120.0 ÷ 1 = 120 points.
How the value per point is calculated
For one lot: 1 × 1 = 1 HKD per point for 1 lot; assuming 1 HKD = $0.1282, that is $0.1282. Everything below uses $0.1282 per point for 1.00 lot.
HK50 value per point at common lot sizes
- 1.00 lot: 1.00 × $0.1282 = $0.1282 per point.
- 10 lots: 10 × $0.1282 = $1.28 per point.
- 100 lots: 100 × $0.1282 = $12.82 per point.
- 1,000 lots: 1,000 × $0.1282 = $128.20 per point.
Value per point grows in direct proportion to lot size, so doubling the lots doubles both the gain and the loss for every point price moves.
Worked example: what a stop costs on 6.50 lots of HK50
- Entry 24,400.0, stop 24,280.0: the distance is 120 points.
- Value per point on 6.50 lots: 6.50 × $0.1282 = $0.8333.
- Money at risk if the stop is hit: 120 × 6.50 × $0.1282 = $100.00.
- Spread of 10 points (an invented figure for this example): 10 × 6.50 × $0.1282 = $8.33, which is 8.3% of the stop distance.
Spreads are often wider than on US indices. On a 120 point stop the spread above takes 8.3% of the room before price moves at all, and on a stop half as wide, 60 points, it would take 16.7%.
Risk at other stop distances on 6.50 lots
- 60 points: 60 × 6.50 × $0.1282 = $50.00.
- 120 points: 120 × 6.50 × $0.1282 = $100.00.
- 240 points: 240 × 6.50 × $0.1282 = $199.99.
- 480 points: 480 × 6.50 × $0.1282 = $399.98.
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 6.50 lots of HK50 and will risk $100.
- Value per point on 6.50 lots: 6.50 × $0.1282 = $0.8333.
- Stop distance: $100 ÷ $0.8333 = 120.0, rounded down to 120 points.
- Check: 120 × 6.50 × $0.1282 = $100.00, inside the $100 budget.
- In price terms, 120 × 1 = 120.0, so a buy at 24,400.0 would have its stop at 24,280.0.
If that stop is too tight for how HK50 actually moves, the answer is fewer lots, not a stop that sits inside the normal noise. The HK50 lot size calculator does that step for you.
Does the value per point change?
Yes, because HK50 is quoted in HKD. The value per point is converted to US dollars at the going rate, so it moves with that rate. Suppose HKD loses 5% against the dollar: one HKD falls from $0.1282 to $0.1282 × 0.95 = $0.12179, and the value per point for 1 lot becomes 1 × $0.12179 = $0.1218 instead of $0.1282. Re-check the value when the rate has moved a lot, especially before sizing a long-held position.
Verify the HK50 point value with your broker
The contract size of 1 and the point size of 1 are reference values. Brokers can define a point or pip differently and quote an extra decimal, so compare $0.1282 per point with the tick value in your platform's contract specification. For background on the instrument, see the Hang Seng Index on Wikipedia.
Where to find the HK50 value in your platform
- Open the contract specification for HK50 (in MetaTrader, right-click the symbol in Market Watch and choose Specification).
- Check the contract size: this page assumes 1.
- Check the tick size and tick value, then scale to one point of 1 if they differ.
- Compare the result with $0.1282 per point per lot; a gap of more than a few percent usually means a different contract size or a different conversion rate.
More tools for HK50
- Turn a risk amount and a stop distance into a lot size with the HK50 lot size calculator.
- See how much margin that position ties up with the HK50 margin calculator.
- Work out the result of a finished trade with the HK50 profit and loss calculator.
- Compare risk and reward before entering with the HK50 risk reward ratio calculator.
- Mark support and resistance from yesterday's range with the HK50 pivot points calculator.
- Compare a similar instrument: USDCNH pip value calculator.
- Compare a similar instrument: NAS100 pip value calculator.
Conclusion
This only holds if 1 units per lot is actually your own broker's real contract size for HK50 — it's a figure that varies by broker, especially outside plain forex majors. Always confirm your own platform's HK50 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
Point value and minimum lot step vary by broker on index/CFD instruments — a mismatch here is a common, avoidable cause of an unexpectedly large loss. Confirm this instrument's contract specification in your platform before sizing a real trade.
Frequently asked questions
What is a pipette?
A pipette (fractional pip) is one-tenth of a pip — the fifth decimal place for most forex pairs, or the third decimal for JPY pairs.
How much is one point worth on HK50?
For 1.00 lot with a contract size of 1, one point is worth $0.1282. For 100 lots it is $12.82 and for 1,000 lots $128.20.
How many points is a move of 120.0 on HK50?
Divide the price move by the point size: 120.0 ÷ 1 = 120 points. On 1.00 lot that move is worth 120 × $0.1282 = $15.38.
Does the HK50 point value change with the price?
It changes with the HKD exchange rate, not with the HK50 price itself. A 5% fall in HKD against the dollar would cut the value from $0.1282 to $0.1218 per lot.
Does leverage change the value per point on HK50?
No. Value per point depends on lots, contract size and the conversion rate. Leverage only changes the margin needed to hold the position, and the position size should come from your risk and stop distance.