DislikedI know china does something like this to combat inflation. However, they don't make the timing or magnitude of the moves public before they happen. What other countries have done something like this?Ignored
wiki: "For example, in the 1990s, Mexico had fixed its peso with the U.S. dollar. However, due to the significant inflation in Mexico, as compared to the U.S., it was evident that the peso would need to be severely devalued. Because a rapid devaluation would create instability, Mexico put into place a crawling peg exchange rate adjustment system, and the peso was slowly devalued toward a more appropriate exchange rate."