1. to remove a peg or pegs from something
2. to allow a currency’s exchange rate to fluctuate freely by removing its fixed relationship to another currency
Usage: economics; finance

Examples

• She unpegged the wet clothes from the line.
• The tent collapsed after we unpegged the corner ropes.
• The government decided to unpeg the currency from the dollar.
• When they unpegged the exchange rate, the value dropped significantly.
• He carefully unpegged the canvas from the wooden frame.
• The central bank unpegged its currency to combat inflation.