This page works out position size, pip value, and margin for USDZAR trades, an exotic currency pair where pip value moves with the ZAR exchange rate. Enter your lot size to see what one pip is worth in dollars, then check the margin required and current swap points before you place the trade.
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Calculator
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Enter your numbers above.
What a move is worth on USDZAR
Lot size
1 pip
10 pips
30 pips
50 pips
100 pips
500 pips
Standard · 1.0
$0.63
$6.28
$18.83
$31.38
$62.77
$313.83
Mini · 0.1
$0.06
$0.63
$1.88
$3.14
$6.28
$31.38
Micro · 0.01
$0.01
$0.06
$0.19
$0.31
$0.63
$3.14
Value in USD per position at the current rate — counts are in pips. Change your lot size or stop distance in the calculator above to match a real trade.
One pip on USDZAR works out as 0.0001 × 100,000 USD, divided by the ZAR/USD rate. The table just multiplies that by your lot size and pip count.
How to use it
Enter your account currency and the lot size you plan to trade.
The calculator converts one pip of USDZAR into $0.62766 per standard lot, scaling down for mini and micro lots.
Add your stop-loss and target in pips to see what the move is worth in dollars.
Check the margin and swap panels to see what holding the position overnight costs, using the rates in XM MT5, 2026-09-05.
USDZAR contract specification
Symbol
USDZAR
Asset class
Exotic currency pair
1 pip
0.0001
Contract size (1 standard lot)
100,000 USD
Quote currency
ZAR
Pip value — Standard lot (1.0)
$0.62766
Pip value — Mini lot (0.1)
$0.062766
Pip value — Micro lot (0.01)
$0.006277
Swap (long, per lot per night)
-40.99 points = -$2.57
Swap (short, per lot per night)
4.61 points = $0.29
Swap data source
XM MT5, 2026-09-05
Points per pip
10
Pip values for non-USD-quoted instruments are recalculated at the live FX rate when this page loads — the line next to the calculator shows which rate is in use, and falls back to the rate recorded at build time if that lookup fails. Swap is one broker's snapshot taken on the date in the table above; it changes daily and differs by broker, so check your own contract spec for the figure that applies to you.
Trading USDZAR
Spread and swap differ by broker, which changes what a position actually costs you.
One pip in USDZAR is worth $0.62766 per standard lot (100,000 USD), based on the current ZAR rate. Because pip value moves with the exchange rate, use the calculator above for an up-to-date figure rather than a fixed number.
What is the pip value for a 0.01 lot USDZAR?
A 0.01 lot (micro lot) is worth $0.006277 per pip, one hundredth of the standard lot value of $0.62766. A 0.1 lot (mini lot) works out to $0.062766 per pip.
How do I calculate USDZAR position size?
Divide the dollar amount you're willing to risk by your stop-loss distance in pips, then divide again by the pip value for the lot size you're testing. The calculator above runs this for you once you enter your risk amount and stop-loss distance.
How much margin do I need for USDZAR?
Margin depends on your broker's leverage for USDZAR and the position size you enter, so use the margin panel above with your own account settings. Contract size is 100,000 USD per standard lot, which sets the notional value margin is calculated against.
What are the current USDZAR swap rates?
XM MT5, 2026-09-05 shows a long swap of -40.99 points (-$2.57 per standard lot per night) and a short swap of 4.61 points ($0.29 per standard lot per night). Swap changes daily and varies by broker, so check your own broker's contract spec before holding a position overnight.
Can this calculator work out USDZAR profit?
It multiplies a price move you enter, in pips, by the pip value for your lot size, showing what that move is worth in dollars. It does not predict or estimate the outcome of a trade, it only does the arithmetic for a move you specify.