Pegging is controlling a country's currency rate by tying it to another country's currency or steering an asset's price prior to option expiration.

A currency peg is a policy in which a national government or central bank sets a fixed exchange rate for its currency with a foreign currency.

From the end of World War II until around 1971, all countries in the IMF pegged their currencies to the U.S. dollar. Today, many still do.

Cryptocurrencies pegged to the dollar or gold can offer protection from massive price fluctuations.

Explore China's currency peg, which has helped Asia's largest economy enjoy robust growth and continued prosperity by making the nation's exports cheaper.

A crawling peg is an exchange rate adjustment system whereby a currency with a fixed exchange rate is allowed to fluctuate within a band of rates.

A pegged currency can give a country many advantages, but these advantages come at a price. The single biggest concern with pegging currency is future inflation.

Why do some currencies fluctuate while others are pegged, and why are currency exchange rates as they are? Learn the differences between floating and fixed exchange rates.

A currency board is an extreme form of a pegged exchange rate. Often, it has directions to back all units of domestic currency with foreign currency.

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