Depeg
Definition, Meaning & Examples
Part of speech verb
Quick meaning: Depeg is a verb meaning (finance, ambitransitive) To become detached from or to abandon a fixed exchange rate between two currencies.
Meaning
(finance, ambitransitive) To become detached from or to abandon a fixed exchange rate between two currencies.
Example Sentences
It also led international bankers and hedge fund managers to expect that the region's currencies would soon or later depeg from the dollar and depreciate (or be allowed to float).
Word Forms
- depegs
- depegging
- depegged
Related Words
Related dictionary entries include deinvest, unpeg, get out, detach, detether, disattach.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
Dictionary data is provided by FreeDictionaryAPI.com and sourced from Wiktionary under its stated license.