*Japanese TTB rate
Forex dealing
 
TTB rate


An abbreviation of Telegraphic Transfer Buying rate. The foreign exchange authorized banks are required to quote their buying rates of foreign currencies every day. The customers can sell the foreign currencies in cash using these rates. In case of US dollar, the TTB rate is one Japanese Yen lower than the Nakane-rate which is fixed at 0955 JST. In former days, Telex has been used for prompt transfer overseas, and then, the forex rate is called as TT(=Telegraphic Transfer) even now.
 
Terms in general
 

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