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Glossary > C > "Crawling peg" Definition

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.

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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.

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.