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South AfricaWhat is a pipette in forex?
A pipette is the fractional fifth decimal place in a currency pair quote (or the third decimal in JPY pairs). It represents 1/10th of a standard pip. Brokers providing pricing in pipettes generally offer much tighter and more precise spreads. Example: in 1.10435, the 5 is the pipette.
Answer
A pipette is the fractional fifth decimal place in a currency pair quote (or the third decimal in JPY pairs). It represents 1/10th of a standard pip. Brokers providing pricing in pipettes generally offer much tighter and more precise spreads. Example: in 1.10435, the 5 is the pipette.
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