Crawling Peg

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Definition: Crawling Peg

Crawling Peg
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Full Definition of Crawling Peg

An exchange rate adjustment technique in which the par value of a fixed exchange rate is allowed to fluctuate within a certain range of values. The par value is adjusted for inflation and other market factors. A crawling peg allows the exchange rate to adjust over time, hence “crawl,” rather than be adjusted by a sudden or dramatic currency devaluation, which would create instability.

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April 23, 2024 https://payrollheaven.com/define/crawling-peg/.
Chicago Manual of Style (CMS):
Crawling Peg. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/crawling-peg/ (accessed: April 23, 2024).
American Psychological Association (APA):
Crawling Peg. PayrollHeaven.com. Retrieved April 23, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/crawling-peg/

Definition Sources

Definitions for Crawling Peg are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.