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crawling peg

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crawling peg

In economics, a method of achieving a desired adjustment in a currency exchange rate (up or down) by small percentages over a given period, rather than by major revaluation or devaluation.

Some countries use a formula that triggers a change when certain conditions are met. Others change values frequently to discourage speculations.



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Medium-term: For the three years after that, approximately 2009-11, re-peg the renminbi to a basket of currencies of China's major trading partners, and use a crawling peg system, like those of Taiwan and Singapore, to allow currency flexibility.
Collective China wisdom by The International Economy
Fitch notes that the central bank's intention to move toward the exchange rate bands system from the crawling peg regime in the coming months could improve its ability to implement monetary policy.
Fitch Revises Costa Rica's Rating Outlook to Stable by Business Wire
This, combined with the country's crawling peg exchange rate regime, limited 'usable' international reserves as well as a relatively weak banking sector have increased the vulnerability of Costa Rica to external shocks.
Fitch Affirms 'BB' F-C Rating of Costa Rica; Outlook Negative by Business Wire
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