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

thug

a man who acts violently, especially to commit a crime

Word of the Day

The way we move (Verbs for walking and running)

by Kate Woodford,
March 25, 2015
​​​ This week we’re looking at interesting ways to describe the way that people move. Most of the verbs that we’ll be considering describe how fast or slow people move. Others describe the attitude or state of mind of the person walking or running. Some describe both. Starting with verbs for walking slowly,

Read More 

crossfit noun

March 23, 2015
high-intensity strength training Two women in strappy dresses discussed how much weight they could snatch

Read More