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A Point is sometimes confused with the percentage of point, or oftenly we called it as pip. Pip itself is a unit of change in currency pair, where normally a pip is one unit of the fourth decimal point (except for Japanese Yen).

For example:

EUR/USD is now priced at 1.0745 in 4 decimal places. In this case, a point is equal to 0.0001 movement, and a pip is equal to 0.0001 movement. Hence in 4 digit price, 1 pip is equal to 1 point.

EUR/USD is now priced at 1.07453 in 5 decimal places. In this case, a point is equal to 0.00001 movement, and a pip is still equal to 0.0001 movement. Hence, in 5 digit price, 1 pip is equal to 10 points.

Last edited Nov 18, 2015 at 10:38 AM by radityoardi, version 1