agiotage
noun[U]
FINANCEuk/ˈædʒiətɪdʒ/us(alsoinformalagio)thebuyingandsellingof differentcurrenciesinorderto make aprofitfrom differentexchangeratesin differentplaces:
Agiotagerepresentsone of fourmarketrolesinfinancialmarkets,distinctfromhedging,longorshort-terminvesting, andarbitrage.