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TeachMeFinance.com - explain Simple arbitration of exchange historic definition... Simple arbitration of exchange -- A calculation based on rates of exchange between three places to determine the difference in the money market rates of the three places or a calculation based on the money market rates of three places to determine the ratio of exchange between the three places. When more than three places are involved in the calculation it is called compound arbitration of exchange. About the author 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". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.