A slang term used to express one 100th part of a percent, which is normally 10,000 of any spot rate.
Fluctuations in exchange rates are usually in terms of points. E.g. if AUD/USD moves from .9310 to .9320, it has moved 10 points / pips.Back to Glossary
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.