depeg
verbEtymology From de- + peg.
1
Business, Finance Ambitransitive To become detached from or to abandon a fixed exchange rate between two currencies.
- 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).2002, Pietro P. Masina, Rethinking Development in East Asia: From Illusory Miracle to Economic Crisis:
- Derived terms
- depegging