Basis points and money

Math › Basis points and money · 3 generators

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The Nikkei 225 futures (SGX) is at 39,000 with a multiplier of 500 JPY per index point. You hold 1 lot. What is the PnL from a 25bp move in the index, in JPY?

Here the basis point is of PRICE, not of notional. Convert to index points first, then to money.

Your answer (in JPY) — 2 decimal places

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What this quiz tests

• bp-to-money — Basis points of notional to money, across the regional currencies.
• money-to-bp — Money back to basis points of notional.
• index-bps-to-money — A basis-point move in an index level, converted to money through the point value.

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