diff --git a/freqtrade/rpc/telegram.py b/freqtrade/rpc/telegram.py
index 9d7205f59..567b7dc55 100644
--- a/freqtrade/rpc/telegram.py
+++ b/freqtrade/rpc/telegram.py
@@ -317,10 +317,10 @@ class Telegram(RPCHandler):
         )
         if msg['type'] == RPCMessageType.EXIT:
             message += (f"*Current Rate:* `{msg['current_rate']:.8f}`\n"
-                        f"*Close Rate:* `{msg['limit']:.8f}`")
+                        f"*Exit Rate:* `{msg['limit']:.8f}`")
 
         elif msg['type'] == RPCMessageType.EXIT_FILL:
-            message += f"*Close Rate:* `{msg['close_rate']:.8f}`"
+            message += f"*Exit Rate:* `{msg['close_rate']:.8f}`"
         if msg.get('sub_trade'):
             if self._rpc._fiat_converter:
                 msg['stake_amount_fiat'] = self._rpc._fiat_converter.convert_amount(
diff --git a/tests/rpc/test_rpc_telegram.py b/tests/rpc/test_rpc_telegram.py
index e3a88b027..950c69963 100644
--- a/tests/rpc/test_rpc_telegram.py
+++ b/tests/rpc/test_rpc_telegram.py
@@ -2044,7 +2044,7 @@ def test_send_msg_sell_notification(default_conf, mocker) -> None:
         '*Amount:* `1333.33333333`\n'
         '*Open Rate:* `0.00007500`\n'
         '*Current Rate:* `0.00003201`\n'
-        '*Close Rate:* `0.00003201`\n'
+        '*Exit Rate:* `0.00003201`\n'
         '*Duration:* `1:00:00 (60.0 min)`'
     )
 
@@ -2082,7 +2082,7 @@ def test_send_msg_sell_notification(default_conf, mocker) -> None:
         '*Amount:* `1333.33333333`\n'
         '*Open Rate:* `0.00007500`\n'
         '*Current Rate:* `0.00003201`\n'
-        '*Close Rate:* `0.00003201`\n'
+        '*Exit Rate:* `0.00003201`\n'
         '*Remaining:* `(1234 ETH, -24.812 USD)`'
         )
 
@@ -2116,7 +2116,7 @@ def test_send_msg_sell_notification(default_conf, mocker) -> None:
         '*Amount:* `1333.33333333`\n'
         '*Open Rate:* `0.00007500`\n'
         '*Current Rate:* `0.00003201`\n'
-        '*Close Rate:* `0.00003201`\n'
+        '*Exit Rate:* `0.00003201`\n'
         '*Duration:* `1 day, 2:30:00 (1590.0 min)`'
     )
     # Reset singleton function to avoid random breaks
@@ -2197,7 +2197,7 @@ def test_send_msg_sell_fill_notification(default_conf, mocker, direction,
         f"{leverage_text}"
         '*Amount:* `1333.33333333`\n'
         '*Open Rate:* `0.00007500`\n'
-        '*Close Rate:* `0.00003201`\n'
+        '*Exit Rate:* `0.00003201`\n'
         '*Duration:* `1 day, 2:30:00 (1590.0 min)`'
     )
 
@@ -2323,7 +2323,7 @@ def test_send_msg_sell_notification_no_fiat(
         '*Amount:* `1333.33333333`\n'
         '*Open Rate:* `0.00007500`\n'
         '*Current Rate:* `0.00003201`\n'
-        '*Close Rate:* `0.00003201`\n'
+        '*Exit Rate:* `0.00003201`\n'
         '*Duration:* `2:35:03 (155.1 min)`'
     )