miniband

plural minibands

1. biochemistryA short loop of nucleic acid.
2. natural sciencesA periodic structure within a superlattice.
3. businessA small percentage of the value of a currency by which it is allowed to fluctuate in a single day, as part of a policy to stabilize the currency.

   Over short horizons, the exchange rate has followed a crawling peg surrounded by a “miniband,” but for long horizons, superimposed on the crawling peg, there has also been an official “maxiband” with a fixed (non-crawling) central rate, floor, and ceiling.

   1998, José M. Campa, P.H. Kevin Chang, James F. Refalo, An Options-based Analysis of Emerging Market Exchange Rate Expectations: Brazil's Real Plan, 1994–9 (Centre for Economic Policy Research London: Discussion paper series; 2611), Centre for Economic Policy Research, page 2

4. alternativeAlternative form of mini band (“a shorter resistance band”).