The basis point is the term of foreign exchange, 40 basis points means that the RMB appreciates by 40 points against the US dollar, and the general exchange rate basis point means 4 decimal places. For example, the current price of the Australian dollar against the US dollar is 0.7560, and it opens at 0.7500 today, which means that it has risen by 60 basis points, and the Japanese yen has two decimal places, such as the US dollar against the Japanese yen1/kloc-0.10. At the current price 1 1 1.30, the dollar will rise by 20 points against the yen. A basis point is defined as 0.0 1% (0.0 1%) or one percent. Can I use arithmetic symbols? Express delivery. It is widely used to calculate interest rates, exchange rates and stock prices, because these fields need to involve the calculation of tiny percentages. To put it simply: one hundred basis points equals one percent (100? = 1%) Ten thousand basis points equals one hundred percent equals one (10000? = 100% = 1) When comparing percentages, in addition to percentage points, the subtle differences between the two percentages can also be expressed by basis points. For example, the difference between 4.02% and 4.05% is 0.03 percentage points, that is, 3 basis points. In Chinese, it is customary not to add a word between the numerical value and the base point (that is, three base points are usually said instead of three base points).