Difference between revisions of "Pegged exchange rate"

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Latest revision as of 20:23, 28 October 2019

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

Related lectures