pegged exchange rate regime
A pegged exchange rate regime is a fixed exchange rate system where a country's currency is unofficially or officially tied to another currency or a group of currencies. This means that the exchange rate between the pegged currency and the anchor currency remains relatively stable over time, and the central bank of the pegged country intervenes in the foreign exchange market to maintain this rate.
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Related Concepts (1)
Similar Concepts
- crawling peg regime
- currency board regime
- currency pegs
- exchange rate policies
- exchange rate regime
- exchange rate stability
- fixed exchange rate
- fixed exchange rate regime
- floating exchange rate
- floating exchange rate regime
- hybrid exchange rate regime
- pegged exchange rate
- rigid peg regime
- soft peg regime
- speculation on exchange rates