Understanding TT Clean vs. BC Selling Rates
When inspecting daily bank foreign exchange rate boards in Bangladesh, you will observe distinct rates for buying and selling foreign currencies. Understanding these designations prevents unexpected conversion deductions.
| Rate Label | Transaction Meaning | Typical Application |
|---|---|---|
| TT Clean (Telegraphic Transfer Clean) | Bank buys foreign currency electronically from customer | Inward personal remittance, software export proceeds |
| TT Doc (Telegraphic Transfer Document) | Bank buys foreign currency backed by shipping trade documents | Commercial merchandise export realization |
| BC Selling (Bills for Collection) | Bank sells foreign currency to customer for overseas payment | Import letter of credit (LC) settlement, university tuition wire |
| Cash / Notes (Buying & Selling) | Physical currency paper notes traded over bank counters | Overseas travel quota endorsement, emergency cash |
The Crawling Peg & Market Pricing Framework
In May 2024, Bangladesh Bank introduced a Crawling Peg exchange rate framework, establishing a midpoint band tied to a basket of currencies to transition toward market-driven exchange rates.
Under this framework, commercial banks and foreign exchange dealers determine transaction rates within regulatory crawl bands based on genuine supply and demand in the interbank forex market.
Discovery Principles on AllOfBD
AllOfBD publishes indicative currency quotes sourced from bank rate sheets for discovery and planning purposes. AllOfBD does not operate a live ticker board, does not execute currency exchanges, and does not broker foreign remittances. Always confirm the counter quote with your authorized dealer bank before finalizing a transaction.
Calculate inward remittance with 2.5% incentive
Check indicative quotes across 11 foreign currencies and verify Bangladesh Bank cash incentives.