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Bus/Financial - Finance (general) | | English term or phrase: pegged to | Korean currency was pegged to the U.S. dollar, then at 125 won per dollar, so the official value of the
investment was $576. |
|   AR Ashok kumarKudoZ activityQuestions: 34 ( 8 open) ( 1 without valid answers) ( 2 closed without grading) Answers: 20
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5 hrs confidence:  சம்பந்தப் படுத்தப்பட்டது
Explanation:
When the price of a commodity or exchange of a currency fluctuates, it is stabilized by correlating it to another strong commodity or currency. Such a stabilization takes place by legislation or market operations. Here the weak Korean currency was pegged to (correlated/connected to) the strong US Dollar to stabilize it.
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18 hrs confidence: நிலைப்படுத்தப்பட்டது /நிலைப்படுத்து
Explanation:
Peg -சந்தை விலைகளை நிலைப்படுத்துதல்
pegged-Stabilize (the price of a commodity or an exchange rate) by legislation or market operations
Ref: wordweb.com
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