Its currency is pegged to the dollar.

其货币与美元的汇率固定了。

《柯林斯英汉双解大词典》

China has essentially pegged its currency to the dollar while most other currencies fluctuate more or less freely.

中国实质上实施的是人民币盯住美元制度，而大多数其它货币或多说少是自由浮动的。

youdao

True, India's currency, unlike China's, floats almost freely and isn't pegged to the dollar.

印度的卢比几乎可自由流通，且不盯住美元，这一点的确与中国的人民币不同。

youdao

With its currency pegged to the dollar, China has effectively safeguarded competitiveness for its major export market.

FORBES: Tributary to the river of deflation

If dollarisation is to spare Ecuador the slump suffered by Argentina (whose currency is pegged to the dollar), the government must strengthen public finances.

ECONOMIST: Ecuador

Housing costs have been fuelled by easy credit thanks to ultralow interest rates that policymakers can't raise because the currency is pegged to the dollar.

NPR: Hong Kong Poor Living In Cages And Cubicles