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USD/CAD Pip Value Calculator

A pip on USD/CAD is 0.0001 of the quote price. What that is worth in cash depends on your lot size and account currency. One standard lot is 10 CAD per pip — set your lot size below to get the exact value for US Dollar/Canadian Dollar.

1 standard lot · 100,00010 CAD
1 mini lot · 10,0001 CAD
1 micro lot · 1,0000.1 CAD

Value of one pip, in the quote currency (CAD). Pip size on USD/CAD = 0.0001.

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Formula: Units = Lots × Contract size; Pip value = Pip size × Units × Exchange rate. Results are an aid, not financial advice.

Know your pip value – now size the trade.Turn the cash value of a USD/CAD pip into the exact lot size your risk budget allows.
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About the USD/CAD pair

  • TypeMajor
  • Base / quoteUS Dollar / Canadian Dollar
  • Pip size0.0001
  • Typical spread0.6–1.8 pips
  • Most activeNew York session

"Loonie" tracks crude oil closely and the BoC–Fed policy gap. Oil shocks and US data both push it around the same day.

How pip value works on USD/CAD

One pip on USD/CAD is a price move of 0.0001. Its cash value is not fixed – it scales with how many units of US Dollar you trade. Multiply your lot size by the contract size to get units (a standard lot is 100,000), then multiply the pip size by those units to get the pip value in the quote currency, CAD. If your account is held in CAD that figure is final; otherwise convert it at the CAD→account rate.

Worked example

Trading one standard lot of USD/CAD (100,000 units) makes a single pip worth 10 CAD; ten pips are 100 CAD. A mini lot (10,000 units) is 1 CAD per pip and a micro lot (1,000 units) is 0.1 CAD. For an account in another currency, multiply by the CAD→account exchange rate (the calculator does this for you).

Frequently asked questions

What is the pip value of USD/CAD?
On USD/CAD one pip is 0.0001. One standard lot is worth 10 CAD per pip, a mini lot 1 CAD and a micro lot 0.1 CAD.
How do I convert the USD/CAD pip value to my account currency?
If your account currency is CAD, no conversion is needed. Otherwise multiply the quote-currency pip value by the rate that turns one unit of CAD into your account currency – enter that rate in the calculator above and it does the conversion.
Is USD/CAD a major or a cross pair?
USD/CAD is classed as a Major pair (US Dollar against Canadian Dollar). Typical spreads run around 0.6–1.8 pips and it is most active during the New York session.

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Jarosław Wasiński

Jarosław Wasiński

Editor-in-chief, ForexMechanics.com • Macro & FX analyst

Independent analyst and practitioner with over 20 years of experience in financial markets. Actively involved in Forex since 2007, with a focus on fundamental analysis, OTC market structure, and disciplined capital risk management.

  • Creator and editor-in-chief of MyBank.pl, providing reliable financial education since 2004.
  • Author of hundreds of in-depth market commentaries, structural analyses, and educational materials for traders and investors.
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All content is educational and informational only – it does not constitute investment advice or a recommendation. Remember: leveraged trading (Forex/CFD) carries a high risk of rapid capital loss.