Big Figure

In forex trading, the term big figure denotes the first three digits of which make up a currency listing. The remaining digits are known as pips. Big figures and pips combined indicate the value of one currency against the other currency in its currency pair.

In the quote CHF 3.50053 for example, the big figure would be CHF 3.50. The remaining 3 digits are pips.

Because most fluctuations in currency pairs are very small, big figures play a less significant role in forex trading than pips. A change in a big figure represents a significant increase or decline in the value of a currency.

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Daniel Dreier is editor and personal finance expert at moneyland.ch.

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