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Pip Value Calculator by FX Street

Pros:

A simple tool that measures the PIP value of the USD with serveral other major currencies. Just input a lot size and the tool will calculate the several PIP values. Also there instructions on how to use the tool below the tool.

Cons:

Tool doesn't take the currency the forex trading account is denominated in into consideration. All pip values are in US dollars. There is also a limited amount of currency pairs being offered.

Overview:

This is a free tool that is available on the FXStreet.com website and is very simple to use. The chart format that it shows the pip values in is very user friendly and takes away the work of performing more calculations. Users can perform calculations at this link.

Check out this tool