to peg
- verb
- /pɛg/
- Specialized
- 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?
- So are you saying that they are re pegging the dollar to gold in this scenario?
Examples
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Other countries pegged their currency to the dollar, which could still be redeemed for gold.
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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.
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They commit now to buy gasoline at a peg future price.
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Roosevelt could pull off his stunt, his insider trade, because the price of gold was pegged at the time he changed the peg.
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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
Idioms
Phrasal Verbs
Compounds
- Archaic
A children's game where players throw a small knife to make it stick in the ground
How Fixed
Surface Forms
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.