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Crawling peg |
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Crawling pegAn exchange rate that is pegged, but for which the par value is changed frequently in a preannounced fashion in response to signals from the exchange market.Crawling pegAn 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.Crawling peg |
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