Ever heard of currency pegging? Well, this article is going to break currency pegging down to the basics—what it means, how it works, and why it’s a method used by governments and central banks around the world.

A virtual currency exchange lets you swap many large world currencies for digital currency such as Bitcoin, Ethereum, Cardano etc. A virtual currency may refer to more than just digital currency, too. It could be a currency exchange online. Let's dig in!

Simply put, currency exchange is the conversion of currency from one country's currency to another. Thousands of different pairings exist across international markets. But there's more to it than that. So, let's dive right in!