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"pegged" is a correct and usable word in written English.
It can be used as a verb to describe attaching or anchoring something in place, as in "The tent was pegged to the ground," or to describe adjusting the rate or value of something to a specific level, as in "The government pegged the exchange rate between the two currencies."
Exact(60)
Kvitova led 4-1 in the tie-break but after being pegged back to 4-4 she took the first set on her second set point, and a break in the opening game of the second set put her on her way.
In the last four, Hungary, again without Puskas, led the reigning champions Uruguay 2-0 with 15 minutes to go only to be pegged back to 2-2 before winning 4-2 in extra time.
The home players appeared to find extra energy as they chased every ball before inevitably being pegged back in the final 10 minutes.
"The focus is not just on the resilience of the US market and the extent to which it absorbs the rise, but the impact on those markets whose currencies are pegged to the dollar," she said.
That set the tone for an enthralling fixture in which Torino twice took the lead with goals from Alexander Farnerud and Ciro Immobile, only to be pegged back by Fredy Guarin and Rodrigo Palacio.
Those, they pegged at $50m in avoided health care costs.
But those presidents have pegged their ambitious development plans to export revenue that has been increasingly squeezed by falling commodity prices.
Apart from a tiny block of obligatory VIP seats, top ticket prices at the Grimaldi Forum (the principality's main theatre) are pegged at €35, and the cheapest are very cheap.
The photo is pegged to an article about the then-current poster boom by George Melly, one of the first broadsheet writers to comment incisively on popular culture.
A corrections officer, Darmea McCoy, pegged her for the other inmates as a snitch, accelerating the assault.
With the South African Rand (to which the Namibian dollar is pegged) weak against the pound, it's better value than many African destinations.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com