An exchange rate regime where rates are fixed but are changed if deficits or surpluses persist is usually called

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An adjustable peg system is a type of exchange rate regime where the currency is pegged at a fixed rate to another currency or a basket of currencies, but the peg can be adjusted in response to persistent balance of payments deficits or surpluses. This allows for a more flexible approach compared to a strictly fixed exchange rate system.

An Exchange Rate Regime Where Rates Are Fixed but Are