fixed peg

基本解释

Indeed, China's recent move to allow for more flexibility of the renminbi's exchange rate (by linking it to a basket of currencies rather than a fixed peg to the U.
事实上，中国最近允许其人民币汇率增加灵活性的举措，就可以被视为是对国内、国际压力作出的一种反应。
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Since July 2005, when China scrapped its fixed peg to the dollar, the yuan’s trade-weighted value has risen by 20%, by far the biggest appreciation of any large economy (see chart 3).
自2005年7月以来，中国不再让人民币与美元挂钩，人民币的贸易加权价值上升了20%，这使中国目前成为所有大型经济体中货币升值最快的国家（见图3）。
China abandoned a fixed currency peg with the US dollar in 2005 for a managed float and since then the renminbi has appreciated by about 20 per cent against the dollar.
2005年，中国放弃了人民币汇率盯住美元的政策，转而采用管理下的浮动汇率制度。自那以来，人民币兑美元汇率上升了大约20%。

The crises of the 1990s did, however, tend to have one thing in common: they all had some kind of fixed exchange rate, often a fixed peg or link to another currency, usually the dollar, or an exchange-rate band, again usually linked to the dollar.
ECONOMIST: Spoilt for choice The
All three countries have fixed exchange rates (currency boards in Estonia and Lithuania, a currency peg in Latvia) fully backed by foreign-currency reserves.
ECONOMIST: Eastern Europe's economies