Otherwise arbitrage opportunities would exist, and the result would be a leveling of relative prices and real currency valuations.

否则会有套利机会，结果就是重新调整相对价格，达到货币真实的估值。

youdao

At that time, the main currency for arbitrage transaction was yen, because the interest rate was low for yen then, and many objects of arbitrage transaction were AUD and NZD.

当时进行套利交易的货币主要是日元，因为当时日元的利率很低，有很多套利交易的标的是澳大利亚元和新西兰元。

youdao

HFT firms which seek to exploit currency movements or arbitrage price differences between local-currency and foreign-currency bonds want to move funds in and out of a country with minimal friction.

那些利用货币走势的或是利用本币和外币债券之间的差价套利的高频交易公司，希望能够以最小的阻力将资金注入或撤出某个国家。

youdao

However, one of this summer's best investment tips, currency arbitrage, is risk-free.

ECONOMIST: Midsummer madness

However, he also tolerated a legal parallel market that kept the country supplied with hard currency at a higher rate (providing countless opportunities for arbitrage).

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