depeg

English

Etymology

From de- +‎ peg.

Verb

depeg (third-person singular simple present depegs, present participle depegging, simple past and past participle depegged)

1. (finance, transitive, intransitive) To become detached from or to abandon a fixed exchange rate between two currencies.
   • 2002, Pietro P. Masina, Rethinking Development in East Asia: From Illusory Miracle to Economic Crisis:

     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).