Peso Meaning
/ˈpeɪsəʊ/Definition, CEFR level B2, pronunciation, examples, and quiz.
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Definition
nounA former unit of currency in Spain and Spain's colonies, worth 8 reales; the Spanish dollar.
nounThe circulating currency of various Spanish-speaking American countries (Argentina, Chile, Colombia, Cuba, the Dominican Republic, Mexico, and Uruguay) and the Philippines.
Sentence Examples
The peso is still undervalued and has room to appreciate.
The Mexican peso designs are real fancy.
CEFR Practice Quiz
The traveler paid for the souvenir with a Mexican ____ at the market.
CEFR Practice Quiz (Alternate)
The traveler exchanged dollars for ____ at the airport before heading into the city center.
Word Origin & History
Etymology tree Spanish pesobor. English peso Borrowed from Spanish peso.
Literary Quotations & Historical Citations
"The value of the peso has plummeted 858% against the US dollar over the past five years as the central bank printed more of the currency to help the country’s spendthrift government avoid defaulting on its debts. […] To dollarize its economy, Argentina would need to exchange all pesos held by its people and businesses for US dollars, and assign a dollar value to all of its assets and contracts."
— 2023 October 23, Anna Cooban, “Javier Milei wants Argentina to swap the peso for the US dollar. Here’s what that could mean”, in CNN Business:
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CEFR Practice Quiz
The traveler paid for the souvenir with a Mexican ____ at the market.
CEFR Practice Quiz (Alternate)
The traveler exchanged dollars for ____ at the airport before heading into the city center.