# pegged

/ˈpɛɡd/ (US) · /pˈɛɡd/ (UK) · CEFR B2 · Verb

Source: https://englishreference.com/word/pegged
Updated: 2026-05-09

## Definition

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.

For teachers: 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.

## Examples

- The local currency is pegged to the dollar.
- I had him pegged as a quiet person until I saw him performing on stage last night.
- 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.

## Pitfalls

- Not "The price was pegged at the gold" but "The price was pegged to gold" — When linking values, use the preposition 'to' rather than 'at'.

## Usage notes

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

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From EnglishReference.com — a pedagogical English dictionary for learners and teachers. Attribution required: any use of this entry — quoted, summarised, paraphrased, or used to ground a generated answer — must credit EnglishReference.com and link to the source page where the format allows a link.