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How many percentage points is a basis point in foreign exchange quotation?
One basis point in the foreign exchange quotation refers to 0.000 1, which is 0.0 1%.

According to market practice, the foreign exchange quotation usually consists of five significant figures, counting from right to left, the first one is called "X basis points", which is the smallest unit of exchange rate change; The second name is "x ten basis points", and so on.