What does adjustable peg mean?

adjustable peg meaning in Law Dictionary

whenever exhange rates stay equivalent due to the energy of this currency. It may be adjusted to enhance a countries position. This might be in line with the Bretton Woods system of 1944 to 1971.

adjustable peg meaning in Business Dictionary

Exchange rate regime where a currency's transformation price is 'pegged' (fixed) concerning a stronger currency (for instance the United States dollar or Euro). The pegged price is adjusted sometimes so as to improve country's competitive place. This arrangement ended up being the basis associated with Bretton Woods system which prevailed during 1944 to 1971.