A monetary policy that ties the value of one nation's currency to the value of another nation's currency. For example, at the time of this writing, the Chinese Yuan is pegged at 8.027 Yuan per U.S. dollar (USD/CNY 8.027). See fixed Currency; floating exchange currency.
Browse by Subjects
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):