UNPEGGED Meaning and
Definition
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The term "unpegged" refers to the act of removing or detaching something, particularly a currency, from a fixed or predetermined value, typically against another currency or a standard, such as a gold standard. When a currency is pegged, it means that its value is deliberately set and maintained in relation to another currency, a basket of currencies, or a specific measure like gold. In contrast, when a currency becomes unpegged, it means that its value is allowed to fluctuate freely in response to market forces of supply and demand.
Unpegging a currency can occur due to a variety of reasons, including economic factors, political decisions, or changes in international exchange rate arrangements. Countries may choose to unpeg their currency as a means of adjusting to economic conditions, promoting competitiveness, or seeking greater flexibility in monetary policy. When a currency becomes unpegged, it enters a floating exchange rate system, where its value is determined by market mechanisms and foreign exchange markets.
The unpegging of a currency can have significant implications for international trade, investment, and cross-border transactions. It can impact the competitiveness of a country's exports, influence capital flows, and affect the stability of currency exchange rates. Therefore, the decision to unpeg a currency is often a carefully considered and strategically planned step, necessitating coordination with other countries and close monitoring of economic and financial developments.
Etymology of UNPEGGED
The word "unpegged" is formed by adding the prefix "un-" to the verb "pegged". In terms of etymology, the origin of "pegged" can be traced back to the Middle English word "pegge". This word referred to a small or pointed piece of wood or metal used for fastening or hanging things. Therefore, "pegged" implies the act of using pegs or fastening something with pegs. When the prefix "un-" is added, it indicates the reversal or negation of the action. Consequently, "unpegged" means to remove or undo something that has been pegged or fastened by pegs.
Conjugate verb Unpegged
CONDITIONAL
I
would unpegged
you
would unpegged
he/she/it
would unpegged
we
would unpegged
they
would unpegged
CONDITIONAL CONTINUOUS
I
would be unpegging
you
would be unpegging
he/she/it
would be unpegging
we
would be unpegging
they
would be unpegging
CONDITIONAL PERFECT
I
would have unpegged
you
would have unpegged
he/she/it
would have unpegged
we
would have unpegged
they
would have unpegged
CONDITIONAL PERFECT CONTINUOUS
I
would have been unpegging
you
would have been unpegging
he/she/it
would have been unpegging
we
would have been unpegging
they
would have been unpegging
FUTURE
I
will unpeg
you
will unpeg
he/she/it
will unpeg
we
will unpeg
they
will unpeg
FUTURE CONTINUOUS
I
will be unpegging
you
will be unpegging
he/she/it
will be unpegging
we
will be unpegging
they
will be unpegging
FUTURE PERFECT
I
will have unpegged
you
will have unpegged
he/she/it
will have unpegged
we
will have unpegged
they
will have unpegged
FUTURE PERFECT CONTINUOUS
I
will have been unpegging
you
will have been unpegging
he/she/it
will have been unpegging
we
will have been unpegging
they
will have been unpegging
IMPERATIVE
you
unpeg
we
let´s unpeg
to unpeg
PAST
I
unpegged
you
unpegged
he/she/it
unpegged
we
unpegged
they
unpegged
PAST CONTINUOUS
I
was unpegging
you
were unpegging
he/she/it
was unpegging
we
were unpegging
they
were unpegging
PAST PARTICIPLE
unpegged
PAST PERFECT
I
had unpegged
you
had unpegged
he/she/it
had unpegged
we
had unpegged
they
had unpegged
PAST PERFECT CONTINUOUS
I
had been unpegging
you
had been unpegging
he/she/it
had been unpegging
we
had been unpegging
they
had been unpegging
PRESENT
I
unpeg
you
unpeg
he/she/it
unpegs
we
unpeg
they
unpeg
PRESENT CONTINUOUS
I
am unpegging
you
are unpegging
he/she/it
is unpegging
we
are unpegging
they
are unpegging
PRESENT PARTICIPLE
unpegging
PRESENT PERFECT
I
have unpegged
you
have unpegged
he/she/it
has unpegged
we
have unpegged
they
have unpegged
PRESENT PERFECT CONTINUOUS
I
have been unpegging
you
have been unpegging
he/she/it
has been unpegging
we
have been unpegging
they
have been unpegging
