"Pegged" Pronounce,Meaning And Examples

"Pegged" Meaning

Pegged means fixed or set at a certain level, price, or rate, often in a precise and firm manner. It can also mean to connect or attach something to a peg or hook, physically or metaphorically. In finance, pegged currency refers to a currency that is officially fixed to the value of another currency or basket of currencies. In general, the word "pegged" implies a sense of stability, precision, or control.

"Pegged" Examples

5 Examples of "Pegged"

The interest rate on the savings account was pegged at 2.5% for the next 6 months. (financial)
The fashion designer pegged the hem of the dress to make it more stylish. (textile)
The coach pegged the defensive player to ensure they wouldn't score again. (sports)
The value of the currency was pegged to the strength of the US dollar. (economy)
The weather forecast predicted that the temperature would be pegged at 30 degrees Celsius for the entire weekend. (weather)