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.
By Matt Lee. A: A pip is a very small measure of change in a currency pair in the forex market. It can be measured in terms of the quote or in terms of the underlying currency. A pip is a standardized unit and is the smallest amount by which a currency quote can change, which is usually $0.0001 for U.S.-dollar related currency pairs, which is more commonly referred to as 1/100th of 1%, or one basis point.