When dividing numbers by 100, the digits are moved to the right by two places, so you are correct. Let's look at an example.
5/100=0.05 or .05
14/100=0.14
By moving the decimal point, the digits "0" and "5" are now on the right. Same with 14; the digits "1" and "4" are now on the right. Therefore, dividing by 100 moves each digit to the right by two places.
:)