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Definitions from the Web

Pegged to

Definition:

Pegged to refers to the act of fixing or maintaining the value of something, typically a currency, to the value of another currency, a commodity, or a predetermined value.

Part of speech:

Verb

Senses:

1. To fix the value of one currency to another:

Sample sentence: The country's central bank pegged the value of its currency to the US dollar.

2. To maintain the value of a currency within a certain range:

Sample sentence: In an effort to stabilize the economy, the government pegged the local currency to a basket of international currencies.

3. To link the value of something to a fixed standard or benchmark:

Sample sentence: The price of gold is often pegged to the movements in the stock market.

Usages: Popular

1. Pegging a currency to a stronger currency to reduce inflation and maintain stability.

Sample sentence: Many countries peg their currency to the US dollar to attract foreign investment.

2. Pegging a currency to a basket of international currencies to prevent excessive volatility.

Sample sentence: The central bank decided to peg the currency to a basket of major currencies to avoid extreme currency fluctuations.

Usages: Local

1. Pegging the value of local goods to a standard index for fair pricing.

Sample sentence: The government pegs the prices of essential commodities to ensure affordability for the local population.

2. Pegging the interest rates to a benchmark rate for loans and mortgages.

Sample sentence: The bank pegged the interest rates on housing loans to the prime lending rate.

Related products:

Currency exchange

Foreign exchange trading

Commodity market