Points
Subtype of Fx FWD QuotingThe fx forward rate is quoted as the difference f - s between the nominal fx forward rate f and the current spot fx rate s, expressed in basis points
One basis point equals 1/10,000 or 0.0001.
For example, if the EUR/USD spot rate is 1.1310, and the quote is +12.5, then the forward rate is 1.13225 (or 1.1310 + 0.00125).