Arbitration of Exchange

	the operation of converting the currency of one country into that of another, or determining the rate of exchange between such countries or currencies. An arbitrated rate is one determined by such arbitration through the medium of one or more intervening currencies.
	See under Arbitration.

See also: Arbitration, exchange

Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co.