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Worked Example for EUR/USD - Pip location is the fourth decimal place:
| Component | Value | Mantissa | Exponent |
|---|---|---|---|
| Spot | 1.10334 | 110334 | -5 |
| FwdPts | 25.751 | 25751 | -3 |
| All-in | 1.1059151 | 11059151 | -7 |
Another example (correct):
| Component | Value | Mantissa | Exponent |
|---|---|---|---|
| Spot | 1.10334 | 110334 | -5 |
| FwdPts | 25.750 | 25750 | -3 |
| All-in | 1.1059150 | 11059150 | -7 |
Versus (wrong, as it implies pip is at the fifth decimal place):
| Component | Value | Mantissa | Exponent |
|---|---|---|---|
| Spot | 1.10334 | 110334 | -5 |
| FwdPts | 25.75 | 2575 | -2 |
| All-in | 1.1059150 | 11059150 | -7 |
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