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depeg. In DICTIOUS you will not only get to know all the dictionary meanings for the word
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English
Etymology
From de- + peg.
Verb
depeg (third-person singular simple present depegs, present participle depegging, simple past and past participle depegged)
- (finance, transitive, intransitive) To become detached from or to abandon a fixed exchange rate between two currencies.
2002, Pietro P. Masina, Rethinking Development in East Asia: From Illusory Miracle to Economic Crisis: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).