Exchange RateCurrency pegging refers to:Floating exchange rateFixed exchange rateAppreciating exchange rateDepreciating exchange rate

Currency pegging refers to a fixed exchange rate system in which a country's currency value is tied or pegged to another major currency, such as the U.S. dollar or the euro. This means that the country maintains its exchange rate at a specific target level rather than allowing it to fluctuate freely in the market. The primary goal of currency pegging is to provide stability in international prices and trade, making it easier for countries to predict economic conditions and control inflation.

In contrast, a floating exchange rate allows for fluctuations based on market forces, while appreciating and depreciating exchange rates refer to increases and decreases in a currency's value, respectively. Therefore, the correct answer to the question is:

Fixed exchange rate.