Pegged exchange rate
Pegged exchange rate is a rate that is fixed against a major currency such as the U.S. dollar. Consequently, the values of the pegged currencies move together over time.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Pegged exchange rates. Rates that are fixed against a major currency such as the U.S. dollar. Consequently, the values of the pegged currencies move together over time.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
