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

pot luck

anything that is available or is found by chance, rather than something chosen, planned, or prepared

Word of the Day

Think long and hard; the language of decisions

by Liz Walter,
January 28, 2015
One of the best ways (perhaps the best way) to improve your English is to learn how words go together in phrases, idioms, or other patterns such as verb/noun or adjective/noun pairs (often called ‘collocations’). This blog looks at some useful phrases and collocations connected with the subject of decisions, something we

Read More 

micro pig noun

January 26, 2015
an extremely small pig, bred to be a pet Micro pigs have become popular pets recently, with famous owners including Victoria Beckham, Paris Hilton and Olympic diver, Tom Daley.

Read More