Question: are pips and bps the same?
Answer: The difference between a pip and pipette is simply a 5 decimal place and not 4 such as a pip. For most pairs a pip is equivalent to 0.01% or 1/100th of one percent, this value is also commonly referred to as BPS. ... One BPS is equal to 1/100th of 1% or 0.01% (0.0001) and denotes a percentage change in the exchange rate.