Crawling peg is suitable for countrys whose currency:

		has a lower nominal interest rate as the reserve currency
		experiences higher inflation than the reserve currency.

Speculative attacks are more likely in the case of:

		a floating rate currency.
		a currency that has a fixed exchange rate against another currency.

A target range of 4% around an exchange rate of SGD 5.00 per GBP. The lower bound is computed as:

		5 x 0.96
		5 /1.04

If the Federal Reserve Bank wants to increase the amount of bank reserves in the system:

		it sells bonds from its holdings.
		it buys bonds from the open market.