# Pips (so also said in German, more rarely rate decimals)

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- Post ID: 591917
- Modified: 2023-07-25T21:12:12+00:00
- Language: en

## Definition

Unless otherwise defined, the third, fourth, and possibly fifth decimal place in the quotation of an exchange rate (the smallest commonly quoted change of an exchange rate of a currency pair) - Foreign exchange dealers usually quote among themselves only the supply and demand price in pips; and in the pips also lies their possible trading profit. - See acataphasia, bid-ask spread, big figure, squeezed, handle, point. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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