A price interest point, point in percentage, point in price, or pip for short, is a price unit that measures the change in value between two currencies.

In most currency pairs like EURUSD, a pip corresponds to the 4th digit after the decimal point.

In currency pairs that involve the Japanese Yen, like USDJPY, and the Hungarian Forint, like USDHUF, a pip corresponds to the second digit after the decimal point.