Definitions
There is 1 meaning of the phrase
Pegged Exchange Rate.
Pegged Exchange Rate - as a noun
A range of exchange rates for a currency where the government has decided to link the value to another currency or a basket of currencies; visited and adjusted regularly.
Example Sentences
"Many countries use a pegged exchange rate to stabilize their currencies."
"The government announced a new pegged exchange rate for the national currency."
"The central bank manages the pegged exchange rate to control inflation."
"A pegged exchange rate system can make the domestic economy less flexible."
"China has maintained a pegged exchange rate between its currency and the US dollar."
