USD/ZAR pip value
One pip of USD/ZAR is about $0.6024 for a standard lot in a USD account. See it for every lot size and account currency, try your own numbers, and learn how the value is worked out.
Your numbers
Find out what one is worth in your own money.
The currency your trading account is held in, so the answer is in your own money.
Trade size in . 1 standard lot is 100,000 units, a mini lot is 0.1 and a micro lot is 0.01.
+Exchange rate (already filled in)
The exchange rate is pre-filled from the ECB reference rate for 2026-10-23. It is a daily rate for information only, so your broker's price will differ a little. Replace it with the current one from your platform for an exact result.
Your answer
One pip on a position of 1 standard lot of USD/ZAR is worth $0.6024 in your USD account. If the price moves 10 pips, you gain or lose $6.02.
ZAR 10.00 in ZAR, converted to USD.
- Per pipette (0.1 pip)
- $0.0602
- Size of one pip
- 0.0001
- Trade size (units)
- 100,000
- A 10 pip move
- $6.02
+Show the working
- Position size in units = 1 standard lot × 100,000 = 100,000 units.
- Pip value in ZAR = 100,000 units × 0.0001 (the size of a pip) = 10 ZAR.
- Converted to USD by dividing by the USD/ZAR price of 16.6: 10 ÷ 16.6 = $0.6024.
- A pipette is a tenth of a pip: $0.6024 ÷ 10 = $0.0602.
USD/ZAR live price
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For information only, not financial advice. Trading carries a high risk of loss. Results depend on the values you enter and on your broker's contract specifications. Risk disclosure
What is a pip on USD/ZAR?
A pip is the standard small step in a forex price. On USD/ZAR it is 0.0001, the fourth decimal place. If the price moves from 16.5976 to 16.5977, it has moved one pip. Most brokers quote one more digit, a pipette, which is a tenth of a pip.
Pip value of USD/ZAR by lot size
For one standard lot the pip value in ZAR is 100,000 units × 0.0001 = 10 ZAR. The US dollar is the base here, so a USD account converts by dividing by the pair's price. At about 16.5976, 10 ZAR is $0.6024 per pip for a standard lot. The pip value falls when USD/ZAR rises and rises when it falls.
| Account currency | Standard lot (1.00) | Mini lot (0.10) | Micro lot (0.01) | Exchange rate used |
|---|---|---|---|---|
| USD | $0.6024 | $0.0602 | $0.006 | 16.6 |
| EUR | €0.5383 | €0.0538 | €0.0054 | 0.053828 |
| GBP | £0.4507 | £0.0451 | £0.0045 | 0.045069 |
| CAD | CA$0.8432 | CA$0.0843 | CA$0.0084 | 0.084322 |
| AUD | A$0.858 | A$0.0858 | A$0.0086 | 0.085796 |
| NZD | NZ$1.06 | NZ$0.1059 | NZ$0.0106 | 0.105944 |
| CHF | CHF 0.4967 | CHF 0.0497 | CHF 0.005 | 0.049667 |
| JPY | ¥94.47 | ¥9.45 | ¥0.9447 | 9.447348 |
What a move in USD/ZAR is worth
The table shows the profit or loss, in a US dollar account, from a move of the given number of pips in your favour or against you. Multiply a pip value by the number of pips to get the result.
| Move | Standard lot (1.00) | Mini lot (0.10) | Micro lot (0.01) |
|---|---|---|---|
| 10 pips | $6.02 | $0.6024 | $0.0602 |
| 25 pips | $15.06 | $1.51 | $0.1506 |
| 50 pips | $30.12 | $3.01 | $0.3012 |
| 100 pips | $60.24 | $6.02 | $0.6024 |
Sizing a trade on USD/ZAR
The pip value is what turns a stop-loss in pips into a position size. Divide the amount you are willing to lose by the stop in pips times the pip value of one lot. With $0.6024 per pip for a standard lot in a USD account:
- Risking $100.00 with a 20 pip stop-loss: $100.00 ÷ (20 pips × $0.6024) = about 8.30 standard lots.
- Risking $250.00 with a 35 pip stop-loss: $250.00 ÷ (35 pips × $0.6024) = about 11.9 standard lots.
- Risking $500.00 with a 50 pip stop-loss: $500.00 ÷ (50 pips × $0.6024) = about 16.6 standard lots.
Round the result down to a lot size your broker allows, usually 0.01. The position size calculator does this for any pair, risk amount and account currency.
About USD/ZAR
USD/ZAR shows how many South African rand one US dollar buys. The USD is the currency of the United States, whose central bank is the Federal Reserve. The ZAR is the currency of South Africa, whose central bank is the South African Reserve Bank. It is an exotic pair, which combines a major currency with the currency of a smaller economy. The two currencies belong to different trading sessions: USD to New York (about 13:00 to 22:00 UTC) and ZAR to London (about 08:00 to 17:00 UTC). A pair is usually most active when its two home sessions overlap, though prices move at any hour the market is open.
Things to check with your broker
- The size of one lot. This page uses 100,000 USD units for a standard lot, which is the usual size but not universal.
- How the broker defines a pip. The pip value on your platform's contract specification always overrules this page.
- The exchange rate the platform uses to convert to your account currency. It is the rate at the time of the trade, not the rounded one shown here.
- Costs. The pip value is only a distance in money. Spreads, commissions and overnight swaps come on top and are not included.
Numbers on this page use the European Central Bank's euro reference rates for 2026-10-23 (source: ECB statistics). They are for information only: your broker's own rates and contract specification decide the real figure.
Frequently asked questions
+What is the pip value of USD/ZAR?
For one standard lot, one pip of USD/ZAR is worth about $0.6024 in a USD account. A mini lot is about $0.0602 and a micro lot about $0.006. The value changes a little as the exchange rate moves.
+How much is 10 pips worth on USD/ZAR?
Ten pips on one standard lot is about $6.02 in a USD account, $0.6024 on a mini lot and $0.0602 on a micro lot.
+How big is a pip on USD/ZAR?
A pip on USD/ZAR is 0.0001. It is the fourth decimal place. A tenth of a pip is called a pipette.
+Why does the pip value of USD/ZAR change?
The pip is worth a fixed amount of ZAR, and that amount is converted into your account currency at the current exchange rate. When the rate moves, the pip value in your account currency moves with it.
+What is the pip value of USD/ZAR in a euro account?
For one standard lot it is about €0.5383 at the rates used on this page. It is the dollar-based value converted at the euro exchange rate.
+How many lots should I trade on USD/ZAR?
It depends on how much you are willing to lose and how many pips away your stop-loss is. For example, risking $100.00 with a 20 pip stop is about 8.30 standard lots. Use the position size calculator to work it out for your own numbers.