to detach or release something that was previously fixed or fastened in place, to allow a currency to float freely against other currencies, after having been pegged to a fixed exchange rate

Formal and Informal Expressions of unpeg

In different contexts, you can replace 'unpeg' with suitable alternatives. In a more formal setting, 'detach, release' is apt. In informal speech or writing, 'unhook, let go' is a commonplace synonym.

unpeg: Explore its Definition & Usage

unpeg Definition

1to detach or release something that was previously fixed or fastened in place
2to allow a currency to float freely against other currencies, after having been pegged to a fixed exchange rate

Using unpeg: Examples

Take a moment to familiarize yourself with how "unpeg" can be used in various situations through the following examples!

Example
She unpegged the clothes from the line.
Example
The government decided to unpeg the national currency from the US dollar.
Example
The company unpegged the price of their product from the market average.

unpeg Synonyms and Antonyms

Synonyms for unpeg

Antonyms for unpeg

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Summary: unpeg in Brief

The verb 'unpeg' [ˌʌnˈpɛɡ] means to detach or release something that was previously fixed or fastened in place. It can also refer to allowing a currency to float freely after being pegged to a fixed exchange rate. Examples include 'She unpegged the clothes from the line' and 'The government decided to unpeg the national currency from the US dollar.'