Units, lots and pips
One standard lot is 100,000 units of the pair’s base currency. A conventional pip is 0.0001 for non-JPY quote currencies and 0.01 when JPY is the quote currency. A fractional pipette is one tenth of a pip.
pip value in quote currency = units × pip size. Then multiply by the quote-to-account rate. The conversion direction is always one unit of the quote currency expressed in the account currency.