Decimal floating point (3 or 4 binary bits), and the rest of the significand uses the densely packed decimal (DPD) encoding. Unlike the binary integer significand version, where the exponent changed position and came before the significand, this encoding combines the leading 2 bits of the exponent and the leading digit (3 or 4 bits) of the significand into the five bits that follow the sign bit. This is followed by a fixed-offset exponent continuation field. Finally, the significand continuation field made of 2, 5, or 11 10-bit "declets", each encoding 3 decimal digits. If the first two bits after the sign bit
Percentage in point Percentage in point In finance, specifically in foreign exchange markets, a percentage in point or price interest point (pip) is a unit of change in an exchange rate of a currency pair. The major currencies (except the Japanese yen) are traditionally priced to four decimal places, and a pip is one unit of the fourth decimal point: for dollar currencies this is to 1/100th of a cent. For the yen, a pip is one unit of the second decimal point, because the yen is much closer in value to one hundredth of other major currencies. A pip is sometimes confused