Pip (Forex) The smallest increment of change in a foreign currency price, either up or down. A pip is known as percentage interest point, and is equivalent to 0.0001 or ten-thousandths of a unit number of 1. For the Yen crosses, a pip is equivalent to 0.01. By SCM_2018|2018-09-04T14:49:18+00:00September 4th, 2018|0 Comments Share This Story, Choose Your Platform! FacebookTwitterLinkedInRedditGoogle+TumblrPinterestVkEmail About the Author: SCM_2018 Leave A Comment Cancel reply Comment Save my name, email, and website in this browser for the next time I comment.