adjustable peg

adjustable peg

An exchange rate policy adopted by some countries wherein the national currency is largely pegged or fixed to a major currency such as the U.S. dollar or euro, but can be readjusted from time to time within a narrow interval. The periodic adjustments can are usually intended to improve the country's competitive position in the export market.

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Blossary: Forex
Industry/Domain: Business services
Category: Business intelligence
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