peso

noun
pe·​so | \ ˈpā-(ˌ)sō How to pronounce peso (audio) , 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, Philippines, and Uruguay — see Money Table

Examples of peso in a Sentence

Recent Examples on the Web But those available describe an elaborate black market peso scheme that used a series of steps to eventually send the drug profits back to Mexican cartels in their own currency. Beth Warren, The Courier-Journal, "Chinese nationals used US banks to launder millions in drug profits for Sinaloa Cartel," 2 Mar. 2021 The Brazilian real, Indian rupee and Colombian peso -- which have been pummeled as the coronavirus raged across those countries -- stand out for the head of emerging-market sovereign debt in London. Ruth Carson, Fortune, "Bad news for Americans traveling abroad—here comes the weaker dollar," 26 Apr. 2021 The Mexican peso had fallen to 24 pesos per U.S. dollar, a 25% drop measured from the beginning of 2020. Kerry A. Dolan, Forbes, "Mexico’s Richest Billionaires 2021," 6 Apr. 2021 The stronger peso also helped boost Penaloza’s fortune in dollar terms. Kerry A. Dolan, Forbes, "Mexico’s Richest Billionaires 2021," 6 Apr. 2021 The Argentine peso fell 28.79% against the U.S. dollar in 2020. WSJ, "Corrections & Amplifications," 5 Jan. 2021 The new 225 peso tax kicks on April 1, just as demand is rising for spring and summer travel from tourists stuck indoors for more than a year due to the COVID-19 pandemic. Dallas News, "Escaping to Cancun or Maui? Tourism destinations eye new taxes as economies reopen," 22 Mar. 2021 But the dollar has still jumped sharply against the Mexican peso. Paul J. Davies, WSJ, "Dollar Strength Confounds Investors and Sparks Some Worries," 4 Mar. 2021 Following the Senate’s approval of the new law this past week, the peso dropped to a four-month low against the dollar. New York Times, "Mexico Set to Reshape Power Sector to Favor the State," 7 Mar. 2021

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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Statistics for peso

Last Updated

11 May 2021

Cite this Entry

“Peso.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/peso. Accessed 16 May. 2021.

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More Definitions for peso

peso

noun

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

peso

noun
pe·​so | \ ˈpā-sō How to pronounce peso (audio) \
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

More from Merriam-Webster on peso

Nglish: Translation of peso for Spanish Speakers

Britannica English: Translation of peso for Arabic Speakers

Britannica.com: Encyclopedia article about peso

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