A Pip measures a small of change in the exchange rate for a currency pair.

One Pip equals to 0.0001 of most of the pair currencies.

Because 100 yens are much closer to one of the other major currencies, the Yen-based currency pairs are an exception, one Pip equals to 0.01 of the Yen currency pairs.

A Pip(price interest point) equals 10 pipettes.

1 Pip = 10 pipettes