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to peg

to peg

8 6.6
To fix a price or exchange rate to another currency
  • verb
  • /pɛg/
  • Specialized
translation icon : fijar
  • So are you saying that they are re pegging the dollar to gold in this scenario?
  • peg the rate
  • peg the exchange rate
  • peg the currency

So are you saying that they are re pegging the dollar to gold in this scenario?

Examples

  • Other countries pegged their currency to the dollar, which could still be redeemed for gold.

  • Friedman argued that monetary policy cannot peg the rate of unemployment for more than a limited time.

    Academic text (1990)
  • Thus it should, in theory, never move from its peg for long.

  • They commit now to buy gasoline at a peg future price.

  • Roosevelt could pull off his stunt, his insider trade, because the price of gold was pegged at the time he changed the peg.

  • To achieve their goals, many Asian countries chose to peg their currencies to the U.S. dollar at artificially low levels.

    Academic text (2011)
  • Create a NGDP futures market, and peg the price of NGDP futures contracts at the target level.

    Blog text (12)
  • Exchange rates were pegged, thus overstating the value of the CMEA currencies.

    Academic text (1991)
  • The rupee was pegged to the pound sterling until 1975, after which it was pegged to a basket of currencies.

    Academic text (1994)
  • In order to maintain stability in their economy, the government pegged the national currency to the US dollar.

Antonyms

to float
  • Specialized
13 7.9

To let a country's money change value freely in markets

Idioms

3 7.6

Make someone feel less proud by criticizing or embarrassing them

A person who does not fit into a job or group

9.4

Reach and stay at the highest level shown on a meter

Phrasal Verbs

8.6

To keep working for a long time on something difficult or boring

to peg down
  • Informal
5.3

To make exact details clear and certain

4.4

To fasten something like a tent to the ground with small pins

Compounds

1 6.0

Clothes made in standard sizes that you can buy

1 2.6

A pointed piece of wood or metal pushed into the ground to hold a tent

1 1.1

A small wooden or plastic clip that holds wet clothes on a line while they dry

mumblety-peg
  • Archaic
1 9.9

A game where players throw a pocketknife so it sticks in the ground

mumble-the-peg
  • Archaic
9.9

A children's game where players throw a small knife to make it stick in the ground

A suit made in regular sizes that you can buy and wear immediately

peg top
  • UK
7.6

A wooden toy shaped like a pear with a metal point you spin with a string

How Fixed

anchor
43 4.0
to peg
  • Specialized
8 6.6
to fix
331 1.6
to float
  • Specialized
13 7.9

Surface Forms

peg infinitive
pegged past
pegged past participle
pegging present participle
pegs third person singular

Etymology

The verb peg keeps the idea of a small pin that holds things in one place, so a helpful way to remember it is to think of 'fixing' something with a peg. That's why to peg a price or currency is to 'fix' or hold it steady at one level.