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pegged exchange rate vs rate of exchange

rate of exchange vs pegged exchange rate

pegged exchange rate and rate of exchange both are nouns.

Word NounAdjectiveVerbAdverb
pegged exchange rate Yes No No No
rate of exchange Yes No No No
As nouns, rate of exchange is a hypernym of pegged exchange rate; that is, rate of exchange is a word with a broader meaning than pegged exchange rate:
  • pegged exchange rate: a range of exchange rates for a currency where the government has decided to link the value to another currency or a basket of currencies; visited and adjusted regularly.
  • rate of exchange: the charge for exchanging currency of one country for currency of another
Other hypernyms of pegged exchange rate include exchange rate.
pegged exchange rate (noun) rate of exchange (noun)
a range of exchange rates for a currency where the government has decided to link the value to another currency or a basket of currencies; visited and adjusted regularly. the charge for exchanging currency of one country for currency of another
Difference between pegged exchange rate and rate of exchange

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