Noun
crawling peg (plural crawling pegs)
(economics) An exchange rate regime that allows depreciation or appreciation to happen gradually.
Exchange rate The exchange rate between the U.S. dollar and the Vietnamese dong is important because the dong, although not freely convertible, is loosely pegged to the dollar through an arrangement known as a " crawling peg ". Source: Internet
Several regimes were adopted including initially the conventional peg in the sixties, regular crawling peg in the seventies and the eighties and crawling bands in the nineties. Source: Internet