From Longman Business DictionaryRelated topics: Finance, Economicsadjustable pegadˌjustable ˈpeg noun [countable]ECONOMICSFINANCEa way of controllingexchange rates, in which the value of certaincurrencies is fixed in relation to another currency, with the possibility of changing this arrangement if necessaryUnder the adjustable peg arrangements, the currency could fluctuate within 1 percent either side of the dollar value. → comparecrawling peg