Crawling peg is 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 revised regularly according to a formula determined by the authorities.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). crawling peg. Retrieved September 23, 2026, from http://smartdefine.org/crawling_peg/definitions/1151058 |
| Chicago | Barry Goldsmith. 2010. "crawling peg" http://smartdefine.org/crawling_peg/definitions/1151058 (accessed September 23, 2026). |
| Harvard | Barry Goldsmith 2010, crawling peg, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/crawling_peg/definitions/1151058>. |
| MLA | Barry Goldsmith. "crawling peg" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/crawling_peg/definitions/1151058> |