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crawling peg
(redirected from crawling-peg)

    Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

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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The government applied first a crawling-peg strategy against a basket consisting of five currencies (dominated by the dollar) and replaced it later with a crawling-band regime, whose room for fluctuation was expanded in May 1995.
Exchange-rate policies in central Europe and monetary union by Orlowski, Lucjan T. / Comparative Economic Studies
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