Definition of Compound arbitration of exchange

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TeachMeFinance.com - explain Compound arbitration of exchange




historic definition...

Compound arbitration of exchange -- A calculation based on the rates of exchange between four or more places to determine the difference in the money values of the different countries ; or, a calculation based on the money values of four or more places to determine the ratio of exchange between the different places. When only three places are involved in the calculation it is called simple arbitration of exchange.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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