Metals
An exchange rate system where a currency’s conversion rate is ‘pegged’ (fixed) in relation to a stronger currency (such as the US Dollar or Euro). The pegged rate is adjusted periodically to improve the competitive position of the country’s economy, usually in response to changes in the global market.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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