depeg

Verb CEFR B1

Definitions

To become detached from or to abandon a fixed exchange rate between two currencies.

Examples

“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 ⟳).”

CEFR level

B1

Intermediate
This word is part of the CEFR B1 vocabulary — intermediate level.

See all B1 English words →

See also

depegged depegging depegs depenalize depenalized depenalizes

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