What does the term "pips" refer to in Forex trading?
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In Forex trading, the term "pips" refers to the smallest price movement that a given exchange rate can make, typically representing a change in the fourth decimal place for most currency pairs, except for those involving the Japanese yen, where it is measured in the second decimal place.
a measurement used to express the change in value between two currencies.
In Forex trading, "pips" refer to the smallest price movement that a currency pair can make.
A pip is the smallest price move that an exchange rate can make based on market convention. Most currency pairs are priced to four decimal places and the smallest change is the last (fourth) decimal point.
A pip is a unit of measurement for price movements of currencies in foreign exchange (FX) markets
Answer: A "pip" (percentage in point) is the smallest price movement in a currency pair.