Which one? The one that China claimed to have done in 2005 just replaced the formal peg with an informal one, a managed float.
http://en.wikipedia.org/wiki/Managed_flo鈥?/a>
It made no real difference as the band has been so small (less than 3% at its widest)
The peg is adjusted regularly, but not by much.
http://imarketnews.com/node/23651
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