• Pips & points:

A point is a unit of decimal, the fourth place to the right of the decimal (0.0001) whereas a pip is the fifth place to the right (0.0001).

 One point is one ten thousandth of a dollar thus, 100 points become one cent. Which decimal place is implied by a point varies from currency to currency.

Difference between Pips and PointsInternational TradePips & points: A point is a unit of decimal, the fourth place to the right of the decimal (0.0001) whereas a pip is the fifth place to the right (0.0001).  One point is one ten thousandth of a dollar thus, 100 points become one cent. Which decimal place is implied by a...Investment analysis basics