Currency prices typically move in such tiny increments that they are quoted in pips or percentage in point. In most cases, a pip refers to the fourth decimal point of a price that is equal to 1/100th of 1%.
The superscript number at the end of each price is the Fractional Pip, which is 1/10th of a pip. The fractional pip provides even more precise indication of price movements.
Pips in practice
Calculating the value of a pip
The value of a pip varies based on the currency pairs that you are trading and depends on which currency is the base currency and which is the counter currency.
Example of EUR/USD:
Example of USD/JPY: