What is Pegged Currency ?

What is pegged Currency? And which countries pegged their currency with Euro and USD.

Currency pegs implies that an exchange rate of a currency is fixed either to another currency or an index of currencies. Countries do this to stabilize their exchange rates, this motivating confidence in exporters and importers and encouraging international trade.

 

Abkhazian apsar Russian ruble 0.1
Aruban florin United States dollar 1.79
Bahamian dollar United States dollar 1
Bahraini dinar United States dollar 0.376
Barbadian dollar United States dollar 2
Belize dollar United States dollar 2
Bermudian dollar United States dollar 1
Bhutanese ngultrum Indian rupee 1
Bosnia and Herzegovina convertible mark Euro 1.95583
Brunei dollar Singapore dollar 1
Bulgarian lev Euro 1.95583
Cape Verdean escudo Euro 110.265
Caribbean guilder United States dollar 1.79
Cayman Islands dollar United States dollar 0.83333*
CFA franc, Central African Euro 655.957
CFA franc, West African Euro 655.957
CFP franc Euro 119.33174*
Comorian franc Euro 491.96775
Cook Islands dollar New Zealand dollar 1
Cuban convertible peso United States dollar 1
Danish krone Euro 7.46038
Djiboutian franc United States dollar 177.721
East Caribbean dollar United States dollar 2.70
Eritrean nakfa United States dollar 10
Falkland Islands pound Pound sterling 1
Faroese króna Danish krone 1
Gibraltar pound Pound sterling 1
Guernsey pound Pound sterling 1
Hong Kong dollar United States dollar 7.80
Jersey pound Pound sterling 1
Jordanian dinar United States dollar 0.709
Kiribati dollar Australian dollar 1
Kuwaiti dinar United States dollar 0.29963
Lebanese pound United States dollar 1507.5
Lesotho loti South African rand 1
Macanese pataca Hong Kong dollar 1.03
Maldivian rufiyaa United States dollar 10.28-15.42
Manx pound Pound sterling 1
Artsakh dram Armenian dram
Namibian dollar South African rand 1
Nepalese rupee Indian rupee 1.6
Netherlands Antillean guilder United States dollar 1.8
Omani rial United States dollar 0.38449*
Panamanian balboa United States dollar 1
Qatari riyal United States dollar 3.64
Saint Helena pound Pound sterling 1
Saudi riyal United States dollar 3.75
Swazi lilangeni South African rand 1
Tuvaluan dollar Australian dollar 1
United Arab Emirates dirham United States dollar 3.6725
Venezuelan bolívar United States dollar 69,000#
 

 

 

 

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