adjustable peg
Definition
Exchange rate regimen where a currency's conversion rate is 'pegged' (fixed) in relation to a stronger currency (such as the US dollar or Euro). The pegged rate is adjusted occasionally in an attempt to improve the country's competitive position. This arrangement was the basis of the Bretton Woods system which prevailed during 1944 to 1971.
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adjustable peg is in the Currency Trading, Economics, Politics, & Society and International Trade & Relations subjects.
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