unpegs
Removes the pins
Unpegs means to release something from a fixed position or value.
Literally, to remove a peg holding something in place.
More commonly, it describes ending a fixed relationship between currencies or prices: The central bank unpegged the franc from the euro.
When a currency unpegs, it floats freely against others, often causing dramatic market shifts.
currency
Reduce perceived worth
- floatBuoyant object or vehicle
- decoupleSeparate joined systems
- revalueAssess worth anew
- depreciateLose value over time
appreciate · fluctuate · destabilize · liberalize · adjust · untether · delink · unfix
devalue
Reduce perceived worth
depreciate · appreciate · fluctuate · destabilize · liberalize · adjust · untether · delink · unfix · release
unfasten
Release from attachment
- unhookRelease from a curved fastener
- unclipRelease a fastener
- disconnectTo break a connection
disengage · remove · separate · uncouple · unbolt · unlatch · unpin · unhitch · unstrap · loosen