Understanding Pegged Exchange Rate Regimes

In the context of international finance, countries can adopt different types of exchange rate regimes that affect how their currencies trade against one another and with other global currencies. Understanding the implications of these systems is crucial for evaluating the stability of a currency, investment opportunities, and potential risks in cross-border transactions. A country that maintains a stable exchange rate by tying its currency value to another stronger currency follows a specific type of exchange rate regime.

Which of the following exchange rate regimes describes the practice where a country fixes or pegs its currency to a stronger or more stable foreign currency, thereby influencing its own currency's fluctuations?