The Calvin L. Rampton Salt Palace Convention Center is in downtown Salt Lake City. The Center has no hotels, but the Marriott Hotel, Plaza Hotel, and Holiday Inn Express are across the street. Cancel. 0.1 mile Marriott Hotel Downtown 75 South West Temple, Salt Lake City, UT 84101.
When trading a mini lot (10k units of currency), each pip is worth roughly one unit of the currency in which your account is denominated. If your account is denominated in USD, for example, each pip (depending on the currency pair) is worth about $1. In a micro lot, or 1k trade, each pip is worth roughly 1/10th the amount it would be worth in a mini lot -- so about $0.10. In all pairs involving the Japanese Yen (JPY), a pip is the 1/100th place -- 2 places to the right of the decimal.
0.98 USD per pip X (1 NZD/.7900 USD)Or [(0.98 USD) / (.7900 USD)] x (1 NZD) = 1.2405 NZD per pip move For every .0001 pip move in USD/CAD from the example above, your 10,000 unit position changes in value by approximately 1.24 NZD. Here is where weâre going to do a little math.