Definition of peso in English:
noun (plural pesos)
The basic monetary unit of Mexico, several other Latin American countries, and the Philippines, equal to 100 centésimos in Uruguay and 100 centavos elsewhere.
- At the height of vote counting in the Congress last week, the peso tumbled to an all-time low of 56.43 pesos to the U.S. dollar.
- The Uruguayan peso, whose value has halved since the middle of June, plunged even further when foreign exchange controls were lifted.
- Mexican pesos and US dollars are interchanged at the general exchange rate of 10 pesos per $.