What is 23 Basis Points as a Percentage?

23 basis points equals 0.23%

Percentage Based on Basis Points
Basis Points Based on Percentage
Basis Points
Convert 23 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 23 basis points to a percentage, use the following formula: 23 / 100 = 0.23%.
Real World Example
Let's say that interest rates are currently 0.23%. However, they are set to increase by 25 basis points. The new interest rate will be 0.48%.