Learn. Compare. Invest Smarter in Tanzania.
The standard unit for measuring a price change in most forex pairs.
Short for "percentage in point," a pip is typically the fourth decimal place in a forex quote (0.0001), or the second decimal place for pairs involving the Japanese yen (0.01). It gives traders a consistent unit for describing price movement regardless of a pair's price level.
Mwekezaji AI
Educational answers only, not financial advice.