A method of determining the position of at least one magnetic field probe located within a pre-defined volume of interest within a magnetic resonance (MR) imaging or spectroscopy arrangement comprises applying a spatially and temporally variable magnetic reference field having a unique time-course at every point in said volume of interest during a preselected time window. An MR signal is ac-quired from said magnetic field probe during said time window, and the position of the probe is determined from the probe MR signal.