Pegged: meaning, definitions and examples
๐
pegged
[ pษgโd ]
financial context
The term 'pegged' in finance refers to the practice of fixing the value of a currency to that of another major currency, often to stabilize exchange rates. This mechanism allows countries to maintain a consistent inflation rate and encourages foreign investment by reducing the uncertainty associated with fluctuations in currency values. When a currency is pegged, it is tied to a specific value, which can often lead to economic stability or a loss of monetary policy independence. Various countries adopt pegged exchange rates for different reasons, including trade relationships and economic stability.
Synonyms
Examples of usage
- The dollar is pegged to the euro.
- The government decided to keep the currency pegged to the US dollar.
- Many small economies peg their currencies to larger, more stable currencies.
social context
In informal terms, 'pegged' can refer to a person being designated or categorized in a specific way, often related to social roles or expectations. This usage implies a sense of being labeled or assigned a particular identity in social contexts, often based on observable traits or behaviors. It can carry a connotation of being stereotyped or boxed into a particular category, limiting one's perceived potential or opportunities.
Synonyms
Examples of usage
- She felt pegged as the shy girl in class.
- He was pegged by his peers as the class clown.
- Don't let others peg you into a specific role.
Translations
Translations of the word "pegged" in other languages:
๐ต๐น fixado
๐ฎ๐ณ เคซเคฟเคเฅเคธเฅเคก
๐ฉ๐ช festgelegt
๐ฎ๐ฉ dijatuhkan
๐บ๐ฆ ะทะฐะบััะฟะปะตะฝะธะน
๐ต๐ฑ przypiฤty
๐ฏ๐ต ๅบๅฎใใใ
๐ซ๐ท fixรฉ
๐ช๐ธ fijado
๐น๐ท sabit
๐ฐ๐ท ๊ณ ์ ๋
๐ธ๐ฆ ู ุฑุจูุท
๐จ๐ฟ upevnฤnรฝ
๐ธ๐ฐ upevnenรฝ
๐จ๐ณ ๅบๅฎ็
๐ธ๐ฎ pritrjen
๐ฎ๐ธ festaรฐur
๐ฐ๐ฟ ะฑะตะบัััะปะณะตะฝ
๐ฌ๐ช แจแแขแงแแแแแแแฃแแ
๐ฆ๐ฟ sabit
๐ฒ๐ฝ fijado
Etymology
The word 'peg' originates from Middle English, derived from the Old Norse word 'peggr,' which means a wooden pin or stake. The modern verb form became associated with fixing or fastening something in place, akin to how one would secure a tent or a structure with pegs. Over time, particularly in the economic context, the term evolved to describe the practice of fixing currency values, reflecting a broader application of the original idea of securing or stabilizing. The use of 'pegged' in financial terminology began gaining prominence in the late 20th century as global financial markets became more interconnected and the need for stable currency exchange rates became paramount for many nations. The metaphorical extension of pegging, in social contexts, reflects society's tendency to categorize individuals based on perceived traits or roles, showcasing how language adapts over time to encompass new meanings and usages.
Word Frequency Rank
Positioned at #21,420, this word is part of extensive vocabulary. It's relatively rare in general usage but may be important in specific fields or formal writing.
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- 21417 belle
- 21418 shrunken
- 21419 chamberlain
- 21420 pegged
- 21421 northernmost
- 21422 manger
- 21423 unharmed
- ...