Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “adjustable peg”

adjustable peg

noun [C]
 
 
ECONOMICS, FINANCE
a value for one currency in relation to another that is set but can sometimes be changed: An adjustable peg system is a kind of fixed exchange rate system in which exchange rates can be readjusted when market conditions change.
(Definition of adjustable peg from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of adjustable peg?
Add Cambridge dictionaries to your browser to your website

Word of the Day

throw

to send something through the air with force, especially by a sudden movement of the arm

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More