depegging
depegging · depeggings
The process where a nation or entity allows the value of its currency to fluctuate…The process where a nation or entity allows the value of its currency to fluctuate freely in the foreign exchange market, removing the fixed exchange rate or peg to another currency.
Meaning
2 senses(countable, uncountable)The process where a nation or entity allows the value of its currency to fluctuate freely in the foreign exchange market, removing the fixed exchange rate or peg to another currency.
(countable, uncountable)A situation where a stablecoin loses its fixed value and trades at a price that is significantly different from its intended peg.
Forms
plural: depeggings| Singular | depegging |
|---|---|
| Plural | depeggings |
regular
Lessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable