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peso

noun

pe·​so ˈpā-(ˌ)sō How to pronounce peso (audio)
ˈpe-
plural pesos
1
: an old silver coin of Spain and Spanish America equal to eight reales
2
the basic monetary unit of Argentina, Chile, Colombia, Cuba, Dominican Republic, Mexico, Philippines, and Uruguay see Money Table

Example Sentences

Recent Examples on the Web The central bank has spent billions of dollars to stabilize the peso as investors take money out of the country. Patricia Garip And Juan Forero, WSJ, 3 Sep. 2022 But many Argentines believe cryptocurrencies will rebound — unlike the peso. New York Times, 20 Aug. 2022 Inflation, meanwhile, is running at nearly 30% thanks to a devaluation of the peso and rising costs for fuel and other imports. Stephen Wicary, Fortune, 17 Aug. 2022 The Philippine peso also plunged 12% over the same period. Forbes Press Releases, Forbes, 11 Aug. 2022 The peso strengthened slightly in the financial market, seen as an important metric on confidence considering the government keeps a tight grip on the official exchange rate. Almudena Calatrava, ajc, 4 Aug. 2022 Investors are betting the U.S. dollar’s prolonged rise will hurt currencies ranging from the Hungarian forint to the Philippine peso, with the forint and the Polish zloty hitting fresh lows recently. Julia-ambra Verlaine, WSJ, 29 July 2022 Now, many Argentines are turning to cryptocurrencies as one way to escape the peso. New York Times, 20 Aug. 2022 All investors Capistran and Gonzalez Rojas talked to liked the peso and many seem to still be looking at opportunities to buy the currency. Carolina Gonzalez, Bloomberg.com, 16 June 2022 See More

Word History

Etymology

Spanish, literally, weight, from Latin pensum — more at poise

First Known Use

1555, in the meaning defined at sense 1

Time Traveler
The first known use of peso was in 1555

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