Questions tagged [pegged]

DigitalWarrior Tue Jan 28 2025 | 5 answers 962

I'm curious why some countries choose to peg their exchange rates to the US dollar. What are the reasons behind this decision? Is it for economic stability or other factors?

Daniele Tue Nov 19 2024 | 5 answers 900

I'm trying to understand the financial term 'pegged' and if it means the same thing as a 'fixed exchange rate'. Could someone clarify this for me?

Lucia Mon Nov 18 2024 | 5 answers 1083

I'm wondering if all stablecoins are pegged to the US dollar. I know some are designed to maintain a fixed value relative to USD, but I'm not sure if this applies to all stablecoins or if they can also be pegged to other currencies or assets.

benjamin_stokes_astronomer Mon Nov 18 2024 | 7 answers 1184

I'm wondering if the currency of Hong Kong is pegged to another currency or if it floats freely in the market. I'd like to understand the exchange rate system of Hong Kong.

Carlo Fri Nov 15 2024 | 7 answers 2039

I'm wondering if the Chinese currency, also known as the yuan or renminbi, is pegged to another currency or to a basket of currencies. I want to understand if its value is fixed or if it floats freely in the market.