Currencies pegged to single or multiple currencies are not allowed any upward or downward movements at all against those currency values

Question

Quizplus · Accepted Answer

Currencies pegged to single or multiple currencies can have limited upward or downward movements within a narrow band or range, as determined by the pegging agreement or policy. The central authority of the pegged currency may adjust the peg or allow for fluctuations within a controlled range to manage economic conditions.

Currencies Pegged to Single or Multiple Currencies Are Not Allowed