Peg

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Revision as of 07:16, 23 July 2022 by imported>Doug Williamson (Add definition. Source: Linked pages)
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1. Noun.

An exchange rate system in which exchange rates are either fixed, or managed within a range on either side of a target exchange rate.


2. Verb.

To establish a fixed conversion rate for an asset, into a more widely accepted asset.


See also