pe·​so | \ˈpā-(ˌ)sō, ˈpe-\
plural pesos

Definition of peso 

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, Phlippines, and Uruguay — see Money Table

Examples of peso in a Sentence

Recent Examples on the Web

Photo: philippe huguen/Agence France-Presse/Getty Images In emerging markets, the dollar was down 0.2% against the Mexican peso and fell 1.3% against the South African rand. Ira Iosebashvili, WSJ, "Dollar Weakens After U.S.-China Trade Truce," 3 Dec. 2018 When the Argentine peso was in trouble last month, Argentina asked the International Monetary Fund for a $50 billion loan. Daniel Mcdowell, Washington Post, "Beijing is taking on a broader financial role. Here’s why that matters.," 14 June 2018 The Philippines peso and Indonesian rupiah have strengthened 1.1% and 1.5%, respectively. Avantika Chilkoti, WSJ, "Emerging Markets Get Boost From Falling Oil," 21 Nov. 2018 His election has put the value of the peso and Mexican government bonds on a more volatile path. New York Times, "Trump and Mexico’s New Leader, Both Headstrong, Begin With a ‘Good Conversation’," 2 July 2018 Mexico’s peso and stock market have slumped in recent weeks on concern about how Lopez Obrador would run the nation’s finances and his promise to boost social spending without increasing taxes. Eric Martin,, "Mexico’s Lopez Obrador Considers Adding Tequila Crisis Veteran," 4 June 2018 The peso has slid about 10 percent since mid April. Nacha Cattan,, "Mexico Heads to Polls With Leftist on Brink of Historic Victory," 1 July 2018 That should lower the country’s borrowing costs and increase investment in its stock and bond markets, a boost for Argentina, which is battling a run on the peso and has had to turn to the IMF for help. The Economist, "Business this week," 23 June 2018 But, Pratte said the Mexican peso’s low value coupled with economic and political uncertainties between the United States and Mexico continues to suppress demand for flights from Mexico into San Antonio International Airport. Joshua Fechter, San Antonio Express-News, "Final Four propelled record passenger growth at San Antonio airport in March," 2 May 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'peso.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of peso

1555, in the meaning defined at sense 1

History and Etymology for peso

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

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Dictionary Entries near peso





peso boliviano



Statistics for peso

Last Updated

9 Dec 2018

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Time Traveler for peso

The first known use of peso was in 1555

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English Language Learners Definition of peso

: the basic unit of money of several Latin-American countries and the Philippines; also : a coin or bill representing one peso


pe·​so | \ˈpā-sō \
plural pesos

Kids Definition of peso

1 : a bill or coin used in one of several Spanish-speaking countries of North and South America

2 : a bill or coin used in the Philippines

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More from Merriam-Webster on peso

Spanish Central: Translation of peso

Nglish: Translation of peso for Spanish Speakers

Britannica English: Translation of peso for Arabic Speakers Encyclopedia article about peso

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