ENGLISH
REFERENCE

pegged

v.
B2 Upper Intermediate US //ˈpɛɡd// UK //pˈɛɡd// pegged

v. to fix or link the value of something to something else. It can also mean to identify or guess who someone is or what they are like.

v. to fix the value of a currency or price in relation to another; to identify or categorise someone or something accurately. Often used in financial contexts or to describe a sudden realization about a person's character.


SIMPLE

The local currency is pegged to the dollar.

CONTEXTUAL

I had him pegged as a quiet person until I saw him performing on stage last night.

COMPLEX

Economists debated whether the central bank should keep the exchange rate pegged to a basket of foreign currencies or allow it to float freely in response to market volatility.

Synonyms
Usage

The verb is transitive and often takes the preposition 'to' when referring to prices, or 'as' when referring to character identification.

Pitfall

The price was pegged at the goldThe price was pegged to goldWhen linking values, use the preposition 'to' rather than 'at'.

© 2026 English Reference