Crawling peg

An 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. The New York Times Financial Glossary

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crawling peg ˌcrawling ˈpeg also ˌsliding ˈpeg noun [countable usually singular] FINANCE
a way of trying to stop a currency losing value too quickly by connecting its value to another currency, but allowing it to change between upper and lower limits:

• The government abandoned the crawling peg exchange rate and allowed the currency to float on the market.

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   A currency system which allows a gradual depreciation or appreciation in an exchange rate, usually to adjust for inflation.

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crawling peg UK US noun [C] (also sliding peg)
ECONOMICS a method for controlling the value of a currency in relation to other currencies by allowing small regular changes in it over a period time: »

The country is likely to allow its currency to appreciate over a period of time with the use of a crawling peg.

See also PEG(Cf. peg)

Financial and business terms. 2012.

Look at other dictionaries:

  • Crawling peg — is an exchange rate regime usually seen as a part of fixed exchange rate regimes which allows depreciation or appreciation in an exchange rate gradually. Some central banks use a formula which triggers a change when certain conditions are met… …   Wikipedia

  • Crawling Peg —   [ krɔːlɪȖ peg, englisch] der, (s)/ s, im internationalen Währungssystem mittelfristig garantierter Paritätsanstieg. Die Währungsbehörde eines Landes erklärt verbindlich, dass während eines bestimmten zukünftigen Zeitraumes die Devisenkurse, zu… …   Universal-Lexikon

  • crawling peg — noun (economics) A system of stabilizing prices or exchange rates by allowing a limited amount of rise or fall at predetermined intervals • • • Main Entry: ↑crawl …   Useful english dictionary

  • Crawling Peg — Als Crawling Peg (auch Crawl, gleitende Paritäten genannt) bezeichnet man ein Wechselkurssystem, bei dem sich die Wechselkurse nicht auf einmal beträchtlich, sondern mehrfach in kleineren Schritten ändern. Eine im Vorfeld festgelegte und bekannt… …   Deutsch Wikipedia

  • crawling peg — An 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. Bloomberg… …   Financial and business terms

  • crawling peg — adjustable peg; sliding peg A method of exchange rate control that accepts the need for stability given by fixed (or pegged) exchange rates, while recognizing that fixed rates can be prone to serious misalignments, which in turn can cause periods …   Big dictionary of business and management

  • Crawling Peg — Craw|ling Peg [ krɔ:liŋ pɛg] der; [s], s <aus gleichbed. engl. crawling peg zu to crawl »kriechen« u. peg »Stift, Pflock«> mittelfristig garantierter Paritätsanstieg (im internationalen Währungssystem) …   Das große Fremdwörterbuch

  • Crawling Peg — A system of exchange rate adjustment in which a currency with a fixed exchange rate is allowed to fluctuate within a band of rates. The par value of the stated currency is also adjusted frequently due to market factors such as inflation. This… …   Investment dictionary

  • crawling peg — / krɔ:lɪŋ peg/ noun a method of controlling exchange rates, allowing them to move up or down slowly …   Dictionary of banking and finance

  • crawling peg — Debe traducirse al español como «ajuste mensual de la paridad del cambio» o «tipo de cambio móvil» …   Diccionario español de neologismos

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