💱 To free a value 🧺 To remove a peg

to unpeg

1 6.7

To stop a currency or price being tied to another value

verb
/ʌnˈpɛɡ/

Specialized

: desvincular

Unless the Obama Administration's plan is to try and force China to unpeg the yuan, there is literally no inflationary policy that can be pursued to make U.S. goods more competitive on the global market, and that leaves deflationary measures; meaning they have to devalue U.S. labor (instead of the currency) to the point that U.S. labor is price competitive with China.

Examples

The Swiss central bank's decision to unpeg the franc has hurt traders and currency brokers.
The bank's decision to unpeg the franc from the euro has shaken investors, bankrupted some brokers, and driven Swiss stocks deep into the red for a second day.
Analysts believe that unpegging the currency could lead to more fluctuations in its value as it will no longer rely on a fixed rate.

Synonyms

to float

vsto unpeg

Specialized

13 7.9

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

is the deliberate act of removing a fixed link to a benchmark

Antonyms

to attach

459 2.5

To join or fasten one thing to another so they stay together

to peg

Specialized

8 6.6

To fix a price or exchange rate to another currency

How Pegged

to peg

Specialized

8 6.6

to fix

331 1.6

to link

442 1.1

to unpeg

Specialized

1 6.7

to float

Specialized

13 7.9

Surface Forms

unpeg infinitive

unpegged past

unpegged past participle

unpegging present participle

unpegs third person singular

Morphology

unpeg = peg (semi-transparent) = un + peg

Formally transparent as 'un-' + 'peg', but the financial sense of 'peg' ('to fix a currency/price') is specialized and may not be known to average learners, making inferencing less reliable.

Etymology

Unpeg uses the same parts: un- ('remove') and peg ('a small stick that holds something in place'). A helpful image is a peg holding a price or currency to a fixed value, so to unpeg it is to take the peg away and let the value move freely.