Cryptocurrency Q&A
Is a pip the same as a basis point?
Is a pip the same as a basis point?
IncheonBeautyBloom
Mon Dec 23 2024
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5 answers
1257
I am trying to understand financial terminology. I know that a pip is a unit of measurement for price movements, but I am not sure if it is the same as a basis point. Can someone clarify this for me?
5 answers
Chiara
Wed Dec 25 2024
It is used to denote the smallest increment of change in the value of a currency pair.
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CryptoElite
Wed Dec 25 2024
Specifically, a pip is equivalent to 0.0001.
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JejuJoyfulHeart
Wed Dec 25 2024
This measurement is also referred to as a basis point (bps), which serves as another unit for expressing small percentages.
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Leonardo
Wed Dec 25 2024
Essentially, a basis point represents 1% of 1%, further clarifying the value of a pip.
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CryptoProphet
Wed Dec 25 2024
In financial markets, the concept of a pip is crucial.
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