What is 163 Basis Points as a Percentage?

163 basis points equals 1.63%

Percentage Based on Basis Points
Basis Points Based on Percentage
Basis Points
Convert 163 Basis Points to a Percentage
A basis point is often used with loans and other financial topics. 1 basis point is equal to 1 hundredth of a percent. 1% is equal to 100 basis points.

To convert 163 basis points to a percentage, use the following formula: 163 / 100 = 1.63%.
Real World Example
Let's say that interest rates are currently 1.63%. However, they are set to increase by 25 basis points. The new interest rate will be 1.88%.