A currency value set and maintained by a government or central bank against another currency. This concept sits among the basic vocabulary every forex trader encounters early on, since pricing conventions and quote mechanics build directly on top of it.
A currency value set and maintained by a government or central bank against another currency. This concept sits among the basic vocabulary every forex trader encounters early on, since pricing conventions and quote mechanics build directly on top of it.
It removes normal market-driven volatility but can create sudden shocks if the peg breaks. At the intermediate level, this becomes increasingly relevant as traders begin refining strategies, tightening risk controls, and reading the market more critically.
Historically seen with currencies tied to gold or the US dollar. In practice, traders typically encounter this directly within their trading platform, charting software, or an economic calendar, depending on the specific context in which it arises.
IUX
Exness
Vantage
XM
ICMarkets
LiteFinance
Moneta
Tickmill
South Africa (9)
India (9)
Bangladesh (12)
Germany (9)
Thailand (10)
Philippines (9)
Nigeria (10)
Vietnam (10)
Malaysia (9)
