PEGs

Pegs are small pins or posts used to fasten, align, or mark objects. The term covers a variety of devices, from simple wooden pins in furniture joints to stakes driven into the ground to secure something. Pegs may be manufactured from wood, metal, or plastic and come in various shapes, including straight cylinders, taps, or tapered forms to fit specific holes or slots.

In carpentry and furniture making, pegs, often called dowels, fit into corresponding holes to join parts without nails. They can be wooden or metal and may be tapered, cylindrical, or split to improve grip and alignment. Pegs are also used for hanging and positioning in crafts and for securing tents and tarps in outdoor settings.

Clothes pegs, or clothespins, are a common type of peg used to fasten laundry to a line. They typically employ a spring mechanism or friction-based grip to hold fabrics in place and can be made from wood or plastic. Tent pegs or stakes are driven into soil or turf to anchor tents, canopies, and guy lines.

In music, tuning pegs or pegs are used to adjust the tension of strings on instruments such as violins, guitars, and lutes. Located in a pegbox, they are turned to raise or lower pitch, providing the instrument’s tuning stability.

In finance, a currency peg is a policy that fixes a country’s exchange rate to another currency or a basket of currencies. Central banks intervene in foreign exchange markets to maintain the fixed rate, aiming to provide stability while potentially limiting monetary policy autonomy and requiring substantial reserves.