What is the pip value for NZD/CAD in the cryptocurrency market?

3 answers

• Nandhana R SMay 17, 2024 · a year ago
  The pip value for the NZD/CAD currency pair in the cryptocurrency market depends on the lot size and the exchange rate. To calculate the pip value, you can use the following formula: pip value = (0.0001 / exchange rate) * lot size. For example, if the exchange rate is 0.85 and the lot size is 10,000, the pip value would be (0.0001 / 0.85) * 10,000 = 11.76 CAD.
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• David SargsyanMay 24, 2024 · a year ago
  In the cryptocurrency market, the pip value for the NZD/CAD currency pair is determined by the decimal places in the exchange rate. Since the NZD/CAD exchange rate is typically quoted to four decimal places, the pip value is 0.0001 CAD. However, it's important to note that this value may vary depending on the specific exchange or trading platform you are using.
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• Robert StancuApr 15, 2023 · 2 years ago
  The pip value for the NZD/CAD currency pair in the cryptocurrency market can vary depending on the exchange or trading platform you are using. For example, on BYDFi, the pip value for NZD/CAD is typically 0.0001 CAD. However, it's always a good idea to double-check with your specific exchange or platform to confirm the exact pip value for this currency pair.
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