Basket Peg

The policy of pegging a currency to a portfolio of several currencies with different weightings. For example, a basket peg may consist of 40% euros, 35% U.S. dollars and 25% British pounds; these percentages determine the basket's value. A country usually follows a basket peg to attach its currency to another without overexposing it to the fluctuations of a single currency. For example, Kuwait shifted to a basket peg in 2007 because the U.S. dollar, to which it was attached previously, was weak at the time, resulting in high inflation.

单词	basket peg
释义	Basket Peg Basket Peg The policy of pegging a currency to a portfolio of several currencies with different weightings. For example, a basket peg may consist of 40% euros, 35% U.S. dollars and 25% British pounds; these percentages determine the basket's value. A country usually follows a basket peg to attach its currency to another without overexposing it to the fluctuations of a single currency. For example, Kuwait shifted to a basket peg in 2007 because the U.S. dollar, to which it was attached previously, was weak at the time, resulting in high inflation.
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