pegged exchange rate
A pegged exchange rate is a fixed value at which one country's currency is officially set in relation to another currency or a basket of currencies. This fixed value is maintained by the central bank or government, which intervenes in the foreign exchange market to ensure that the exchange rate remains constant.
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Related Concepts (1)
Similar Concepts
- currency exchange rate management
- currency exchange rates
- currency pegs
- exchange rate policies
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- exchange rates
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- floating exchange rate
- floating exchange rate regime
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