About pegged currencies
While many currencies in the world work under a floating exchange rate regime, where the currency price of a nation is determined by supply and demand on the open market, some other countries adopt fixed or pegged exchange rates against another currency.
Countries commonly establish a currency peg with a stronger or more developed economy so that domestic companies can access broader markets with less risk. The U.S. dollar, the euro, and gold have historically been popular choices.
Tables below shows all pegged currencies as they are configured for foxer currency calculator.