What is a Currency Peg? A Complete Guide for Forex and CFD Traders

 A currency peg​ or fixed exchange rate​ is established when a country pegs the value of its currency to another currency or a currency basket. Rather than permitting the market to determine the exchange rate (which is the practice for most of the major currencies), the central bank uses active intervention to keep the exchange value at a predetermined value​.


https://www.tradewill.com/blog/detail/currency-peg-guide-forex-cfd-traders

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