An exchange rate adjustment technique in which the par value of a fixed exchange rate is allowed to fluctuate within a certain range of values. The par value is adjusted for inflation and other market factors. A crawling peg allows the exchange rate to adjust over time, hence "crawl," rather than be adjusted by a sudden or dramatic currency devaluation, which would create instability.
Related information about crawling peg:
- Crawling Peg Definition | Investopedia
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 ...
- Crawling peg - Wikipedia, the free encyclopedia
Crawling peg is an exchange rate regime usually seen as a part of fixed exchange rate regimes that allows depreciation or appreciation in an exchange rate ...
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A system which permits a gradual increase or decrease in the value at which a currency's exchange rate is fixed or pegged to another currency or to a basket of ...
- Crawling Peg - Financial Dictionary - The Free Dictionary
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 ...
- What is crawling peg? definition and meaning
Definition of crawling peg: An exchange rate adjustment technique in which the par value of a fixed exchange rate is allowed to fluctuate within a certain range of ...
- What is crawling peg system? definition and meaning
Definition of crawling peg system: Procedure in which a currency's exchange rate is periodically adjusted, usually to counter the effects of inflation.
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International Monetary Reform and the. “Crawling Peg”. The following is a guest article prepared by George W. McKenzie, Assistant Professor of Economics ...
- Definition of crawling peg
crawling peg definition and meaning by Oxford University Press.