peso
IPA: pˈeɪsoʊ
noun
- (historical) A former unit of currency in Spain and Spain's colonies, worth 8 reales; the Spanish dollar.
- The circulating currency of various Spanish-speaking American countries (Argentina, Chile, Colombia, Cuba, the Dominican Republic, Mexico, and Uruguay) and the Philippines.
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Examples of "peso" in Sentences
- Majesty's name granted the merchants 'peso [_peso merchante_] on
- Which does not mean that the peso is going to increase in value in the near future.
- Also according to the IMF research the peso is remarkably undervalued in comparison to the USD, they exstimate the exchange rate at PPP (purchase parity power) should be 7.6 instead of current 13.2, meaning living cost in Mexico is about 43% lower than in the USA.
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