An arbitrageur is one who practices arbitrage. Arbitrage is
really weird. It is the SIMULTANEOUS buying and selling of an asset
to profit from the price differential. A lot of arbs do this with
currency, taking advantage of varying exchange rates. You'd maybe
buy Saudi rials with US dollars, yen with your rials, Korean won
with your yen, Singapore dollars with won, Canadian dollars with
Singapore dollars, euros with your Canadian dollars, pounds with
your euros and finally US dollars with your pounds, and if the
exchange rates are right you can make lots of money.