Definition, Meaning & Synonyms
unpegged
adjective
/ʌnˈpɛɡd/
Definition
Not fixed or detached from a set point or standard.
Examples
- The country’s currency was unpegged from the US dollar, leading to volatility in the exchange rate.
- Investors are wary of unpegged assets due to the potential for unpredictable shifts in value.
Meaning
Unpegged refers to the state of being released from a fixed or established anchor, often used in economic contexts where a currency is no longer tied to another currency or a fixed value.
Synonyms
- detached
- unattached
- disconnected
