Second, Latvia could devalue and re-peg against the euro at a lower rate.

第二，拉脱维亚也可以选择贬值，降低对欧元的钉住汇率。

youdao

When America broke the dollar's peg with gold in 1971, it ushered in a decline that continued until Paul Volcker re-established confidence in the currency in the early 1980s.

当美国在1971年打破美元与黄金的联系汇率起，美元一直走下坡路，直到20世纪八十年代初，保罗·沃尔克才重新建立了外界对美元的信心。

youdao

But it would be perfectly possible to re-peg the yuan at a higher parity, keeping capital controls for the time being.

ECONOMIST: Asian currencies

We should urge countries to re-peg their currencies to the dollar.

FORBES: Fact and Comment

But Malaysia won't re-peg its currency for a long time yet.

CNN: Business: Malaysia's Stock Market