Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “currency peg”

currency peg

noun [C]    
ECONOMICS, FINANCE the act of connecting the value of a country's currency to that of another country: Brazil's real fell sharply in January 1999 after the government abandoned its currency peg.
(Definition of currency peg noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of currency peg

Word of the Day

beneficiary

a person or group who receives money, advantages, etc. as a result of something else

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