*Japanese TTS rate
Forex dealing
 
TTS rate


An abbreviation of Telegraphic Transfer Selling rate. The foreign exchange authorized banks are required to quote their selling rates of foreign currencies every day. The customers can buy the foreign currencies in cash using these rates. In case of US dollar, the TTS rate is one Japanese Yen higher 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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