Relating Pips to Value

Relating Pips to Value 

For currency pairs where the counter currency is the US dollar like EUR/USD or GBP/USD, one pip equals US$10, for every 100,000 in face value.
So if you have traded one standard lot of GBP/USD, and you have a 20 pip profit, you would get 20 x US$10, which is US$200 profit. However, if you are trading a sub-standard lot of 10,000 in face value, then your profit would be ten times less the amount of that for a standard lot.
If the US dollar is not the counter currency in currency pairs, the value of a pip will be in whatever the counter currency is. In most online trading platforms, you will have access to a pip calculator to calculate for you how much that pip value is when converted to the US dollar if your account is in US dollars.