depeg
To become detached from or to abandon a fixed exchange rate between two currencies.
Verb
- To become detached from or to abandon a fixed exchange rate between two currencies.
- It also led international bankers and hedge fund managers to expect that the region's currencies would soon or later depeg from the dollar and depreciate (or be allowed to float). - 2002, Pietro P. Masina, Rethinking...
Origin
From de- + peg.