100 basis point equals 1 percentage point. Because 1 percentage point equals 1%, 1% equals 100 basis point. Basis point, abbreviated as BP, refers to the smallest unit of measurement to measure the change of interest rate of bonds or promissory notes. 1 basis point is equal to 0.0 1%, that is, one percent of 1%. So 100 basis points is equal to 1%. Basis points are widely used to calculate interest rates, exchange rates, stock prices, etc. Because these areas need to involve the calculation of tiny percentages.

In Chinese mainland, it is customary not to add the word "ge" between numerical value and "concept" (that is, three concepts are usually said instead of three concepts). Percentage points must be added with "a" (only 0.03 percentage points can be said).

Introduction to basic points

Widely used in calculating interest rates, exchange rates, stock prices and other fields, because these fields need to involve a very small percentage of calculation. The basis point is the gap between the spot price and the futures price of a commodity, that is, the gap between the current price and the futures price. Because support costs need to be paid, the basis point is usually negative. Generally speaking, the spot price is actually lower than the nearby futures price.

As the delivery date approaches, the holding cost decreases and the spread between spot and futures narrows. The financial industry usually uses the basis point to indicate the interest rate change of financial instruments, or the difference between two interest rates (including fixed-income securities). This paper is mainly about how many percentage points there are in 10 basis points.

The above contents refer to Baidu Encyclopedia-Basic Points.