HKD is pegged, but then HK doesnt have a independent monetary policy - HK follows Federal Reserve. Yuan is pegged and China has an independent monetary policy, but it doesn't allow capital flows. INR is virtually floating freely, so India has capital flows as well as an independent monetary policy.
Why is this important? Well, if Egyptian pound were to devalue, Vodafone's estimates will get cut. There is a similar risk with Telefonica, which has benefitted a lot because of the Venezuelan peg.