Flexible and Managed peg? (1 Viewer)

[Mr-X]

What is the difference between a flexible and a managed peg of the currency?
I know flexible peg is where the central bank changes the rate once daily closer to it's market value, but what about the managed peg?

 

[MyLoveIsPure]

What is the difference between a flexible and a managed peg of the currency?
I know flexible peg is where the central bank changes the rate once daily closer to it's market value, but what about the managed peg?

managed peg is when the currency is pegged to australia's major trading partners.(eg YEN,American dollar,pound). RBA would peg the AUS currency everyday at 9am