Tips by Reem Heakal

There are two ways the price of a currency can be determined against another. A fixed, or pegged, rate is a rate the government (central bank) sets...
The reasons to peg a currency are linked to stability. Especially in today's developing nations, a country may decide to peg its currency to create a...
Some governments may choose to have a "floating," or "crawling" peg, whereby the government reassesses the value of the peg periodically and then...