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Types. Product . of a pip in Currency trading depends on what currencies are exchanged. Currencies are always bought traded in pairs whose family member value is expressed helping quality management principles for Standardization (ISO) unique unique codes. For example, if your Euro fees $1. 30 (US.) within the specified time, this is written EUR/USD = 4. 3000. The price can change by no more than $0. 0001 (here, to a single. 3001). In this currency set, the pip is $0. 0001, or 1/100 coin. Because each currency is different, the pip will alter from one currency pair to another, but are often involving similar size.