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What is a PIP?

A Pip, "price interest point", is the smallest price movement that a given exchange rate makes based on market intervention. One pip is equivalent to 0.0001. 


e.g. If Euro/USD is quoted 1.32345, the Pip would be "4".



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* Note exchange prices are delayed in accordance with regional exchange rules. South African prices are delayed by 15 minutes; North American prices are delayed by 15 minutes; Australian prices are delayed by 20 minutes.

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