Pronunciation: [mˈɔː pˈɛɡd] (IPA) 
The spelling of the word "more pegged" could be confusing for some due to the presence of the silent "e" at the end of the word "pegged". In IPA phonetic transcription, the word would be spelled as /mɔr pɛɡd/. The "o" in "more" is pronounced as in "for" or "door". The "e" at the end of "pegged" is silent and changes the sound of the preceding "g" from /ɡ/ to /dʒ/. Therefore, "pegged" is pronounced as "pegd".
"More pegged" is a term that can be interpreted in different contexts, depending on the subject matter. However, one possible way to define "more pegged" is in reference to an exchange rate system.
In the realm of international finance, a pegged exchange rate system is a fixed rate at which a country's currency is linked to another currency, typically a stronger one like the US dollar or the euro. In this context, "more pegged" could be used to describe a currency that is more closely tied or strongly fixed to its chosen currency in comparison to other currencies using a similar exchange rate system. In other words, it implies a higher level of stability and predictability for the value of the currency.
For example, if two countries have exchange rates that are pegged to the US dollar, but one country experiences fluctuations within a narrow band while the other experiences larger fluctuations or has more flexibility, the currency of the former country could be considered "more pegged."
Overall, when used to describe an exchange rate system, "more pegged" suggests a currency that is tightly linked to another currency, resulting in limited or well-controlled fluctuations in value. It signifies a stronger commitment to maintaining stability within an agreed-upon range, enhancing confidence in the currency's value.
