💱 Currency Converter
Quickly convert international currencies with custom or preset exchange rates.
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How Currency Pegs Work
Some currencies are pegged to a more stable currency at a fixed rate. For instance, the Nepali Rupee (NPR) is pegged to the Indian Rupee (INR) at 1.60. This creates stability for trade between the two nations. In contrast, major currencies like the USD, EUR, and GBP use a floating exchange rate, where their value changes constantly based on market demand and economic factors.