pegged at

USAGE SUMMARY

The phrase "pegged at" is correct and usable in written English.
It is typically used to indicate that something is fixed or set at a specific level or value, often in financial or statistical contexts. Example: "The interest rate was pegged at 3% for the duration of the loan."

✓ Grammatically correct

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

59 human-written examples

It is pegged at 0.99 per cent above base rate.

Independent

Those, they pegged at $50m in avoided health care costs.

The Guardian - Lifestyle

The initial savings to the city were pegged at $5m.

The Guardian - Opinion

The value is now pegged at $106 million.

The New York Times

Prices were still pegged at their communist levels.

The Guardian - Film

In our heart, the dollar is pegged at the value it had when we were young.

The New Yorker

In fact the peso is pegged at 24 to the CUC.

The Economist

The public offering was pegged at a market value of over $100 billion.

The New York Times - Tech

Total investment by the Indian companies is pegged at $10.8 billion.

The New York Times

At the time, his top speed had been pegged at 834 m.p.h., or Mach 1.24.

The New York Times - Science

It is pegged at one percentage point above the base rate.

Independent

Expert writing Tips

Best practice

When using "pegged at" in financial contexts, ensure you clearly specify the currency and units. For example, "The price of gold was pegged at $1,800 per ounce."

Common error

Avoid using "pegged at" in the future tense when referring to a current state. Instead of "The price will be pegged at..." use "The price is pegged at...".

Linguistic Context

The phrase "pegged at" functions as a verb phrase that indicates a fixed or assigned value. It specifies that something has been officially set at a particular level or amount. Ludwig AI confirms that this phrase is usable in written English.

Expression frequency: Very common

Frequent in

News & Media

64%

Science

20%

Formal & Business

16%

Less common in

Encyclopedias

0%

Wiki

0%

Reference

0%

Ludwig's WRAP-UP

In summary, the phrase "pegged at" is a verb phrase used to denote that a value or rate has been fixed at a specific level. As indicated by Ludwig, it is considered grammatically correct and frequently used across various domains such as news, science, and business. The analysis reveals that "pegged at" is most commonly found in news and media sources, conveying precise information about financial figures, estimates, and other quantifiable data. Related phrases include "fixed at", "set at", and "valued at". When using "pegged at", it is important to provide clear context and ensure the tense is correctly used to avoid ambiguity.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

fixed at

Indicates a value or rate has been officially set and will not change.

set at

Implies an intentional decision to establish a value, level or time.

valued at

Suggests an estimated or assigned worth.

estimated to be

Indicates a calculated approximation, often used when exact figures are unavailable.

assessed at

Conveys a formal evaluation or appraisal.

rated at

Implies that someone or something has been evaluated and given a score.

aligned with

Emphasizes a direct correspondence or matching of elements.

linked to

Focuses on the connection or relationship between two things.

correlated with

Highlights a statistical relationship or pattern between variables.

dependent on

Shows that one thing relies on or is determined by another.

FAQs

How can I use "pegged at" in a sentence?

Use "pegged at" to indicate that something is fixed or set at a specific level or value. For example: "The interest rate was "pegged at" 3%."

What are some alternatives to "pegged at"?

You can use alternatives like "fixed at", "set at", or "valued at" depending on the context.

Is it correct to say "The value is pegged to" instead of "The value is pegged at"?

While "pegged to" can be used to indicate a relationship or dependency, "pegged at" is more precise when specifying a fixed value or level. For example, a currency might be "pegged to" another currency, but its exchange rate is "pegged at" a specific rate.

What does it mean when something is described as "pegged at" a certain value?

It means that its value has been officially set or fixed to that specific level, often by a governing body or through a formal agreement. For example, in finance, a currency can be "pegged at" a certain exchange rate against another currency.