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• The government abandoned the crawling peg exchange rate and allowed the currency to float on the market.
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The country is likely to allow its currency to appreciate over a period of time with the use of a crawling peg.
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• The government abandoned the crawling peg exchange rate and allowed the currency to float on the market.
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The country is likely to allow its currency to appreciate over a period of time with the use of a crawling peg.
For example, in the 1990s, Mexico had fixed its peso with the U.S. dollar. However, due to the significant inflation in Mexico, as compared to the U.S., it was evident that the peso would need to be severely devalued. Because a rapid devaluation would create instability, Mexico put into place a crawling peg exchange rate adjustment system, and the peso was slowly devalued toward a more appropriate exchange rate.
удержание курса валюты на относительно стабильном уровне
змінна прив'язка