peso

noun

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

The peso has weakened 6% since mid-October but has recovered some ground in recent days. — Juan Montes, WSJ, "Bank of Mexico Raises Interest Rates," 20 Dec. 2018 The cost of traveling to Madrid is too much for most, especially during a time of economic crisis in Argentina, where the peso has lost about half of its value this year. — Debora Rey, The Seattle Times, "Copa Libertadores final: A sign of Argentina’s decadence," 5 Dec. 2018 Despite several interest rate hikes by the Argentine Central Bank, the peso has lost more than half its value in less than a year. — Almudena Calatrava, Fox News, "Argentines seek soup kitchens, barter markets amid crisis," 10 Sep. 2018 FlyBondi, an Argentinean low-cost carrier, even advertised flights as low as 199 pesos (roughly $7) for round-trip travel around the country, but those have since sold out. — Katherine Lagrave, Condé Nast Traveler, "There Are $16 Flights in Argentina Right Now," 2 Aug. 2018 The peso tumbled on fears of a debt crisis and inflation. — The Economist, "Investors are gorging on American assets," 12 July 2018 Fueled by a cautious shift from the world’s central banks and easing fears over global trade, portfolio managers are snapping up everything from Chinese equities to the Chilean peso in a world-wide hunt for yield. — Julie Wernau, WSJ, "Money Pours Into Russia, China, Uzbekistan as Markets Roar Back," 5 Mar. 2019 The tumbling peso has pushed up prices for fuel and, in turn, transportation costs. — Almudena Calatrava, Fox News, "Argentines seek soup kitchens, barter markets amid crisis," 10 Sep. 2018 The Turkish lira, Mexican peso and Polish zloty all fell. — The Economist, "Argentina’s economic woes," 10 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.