Arbitraging is the activity of profiting from the price differences of assets in different markets. Some synonyms for arbitraging include trading, currency exchange, speculation, and hedging. Trading refers to buying and selling assets in different markets with the aim of making a profit. Currency exchange is the act of exchanging one currency for another in order to benefit from the exchange rate difference. Speculation is the practice of buying or selling an asset with the hope of making a profit based on expected price changes. Hedging is the strategy of reducing financial risk by making additional investments to offset potential losses. These synonyms reflect the variety of approaches and techniques used to profit from market inefficiencies.