telegraphic transfer buying rate; TTB
A financial term used in foreign exchange: the rate at which a bank buys foreign currency via telegraphic transfer. Often abbreviated as TTB.
The telegraphic transfer buying rate is the rate at which a bank buys foreign currency from a customer.
The telegraphic transfer selling rate (TTS), the rate at which the bank sells foreign currency.
Customer exchange rates, a broader category that includes TTB and TTS.
Compound of 電信 (telegraph) + 買 (buying) + 相場 (market rate), referring to the buying rate in telegraphic transfers.