crawling peg investment & finance definition
A system for automatically revising the exchange rate between two currencies. Initially, central banks establish a par value, around which the rate can vary up to a given percent.
Crawling Peg (Adjustable Peg)
An exchange rate system where a country's exchange rate is "pegged" (i.e. fixed) in relation to another currency. The official rate may be changed from time to time.
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Crawling peg
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Crawling peg - A method of exchange rate adjustment; the rate is fixed/ pegged, but adjusted at certain intervals in line with certain economic or market indicators.
Crawling peg
An automatic system for revising the exchange rate. It involves establishing a par value around which the rate can vary up to a given percent. The par value is revised regularly according to a formula determined by the authorities.
a country's exchange rate is "pegged" (i.e. fixed) in relation to another currency, often the US dollar or French franc, but where the rate may be changed from time to time. This was the basis of the Bretton Woods system. See peg and crawling peg.
 See also: Exchange, Exchange rate, Rate, Risk, Market
  
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