/biz/ - Business & Finance

>it's pegged
>no really, it's pegged
>ok its not actually fixed, but it just is, ok
>it just is
>autism
lmao. Nighttime /smg/ remains undefeated.

>>54386666
You are an absolute fucking moron. You don't understand what a peg is. Maybe you should get pegged.

If selling reserves to keep currency within a reasonable range is a peg, then JPY is also "pegged" - they sold a fuckload of US dollar reserves to prop it up when they broke above 150:1.
Euro is also "pegged", their central banks make a concerted effort to keep their currency sitting at a reasonably similar strength to the US dollar. Same goes for GBP. Same goes for most of the world...

When you act like a complete retard and start bullshitting definitions for terms like this, it's impossible to have a meaningful conversation. To peg a currency to another currency has a meaning. It's a fixed exchange rate over an extended duration. Ideally with the intent to be permanent, but in practice it always falls eventually.