Here we will explain what 55 basis points means and show you how to convert 55 basis points (bps) to percentage.
First, note that 55 basis points are also referred to as 55 bps, 55 bibs, and even 55 beeps. Basis points are frequently used in the financial markets to communicate percentage change. For example, your interest rate may have decreased by 55 basis points or your stock price went up by 55 basis points.
55 basis points means 55 hundredth of a percent. In other words, 55 basis points is 55 percent of one. Therefore, to calculate 55 basis points in percentage, we calculate 55 percent of one percent. Below is the math and the answer to 55 basis points to percent:
(55 x 1)/100 = 0.55
55 basis points = 0.55%
Shortcut: As you can see from our calculation above, you can convert 55 basis points, or any other basis points, to percentage by dividing the basis points by 100.
Basis Points to Percentage Calculator
Use this tool to convert another basis point value to percentage.
56 Basis Points in Percentage
Here is the next basis points value on our list that we have converted to percentage.