from The American Heritage® Dictionary of the English Language, 4th Edition
- n. See Table at currency.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. Former unit of currency in Spain a Spain's colonies worth 8 reales; Spanish dollar.
- n. Former unit of currency in Argentina worth 1/100 austral.
- n. A coin equal to a Spanish dollar.
- n. Name of the currency of various countries: Argentina, Chile, Mexico and Philippines.
- n. A coin or note worth one peso.
from the GNU version of the Collaborative International Dictionary of English
- n. A Spanish dollar; also, an Argentine, Chilian, Colombian, etc., coin, equal to from 75 cents to a dollar; also, a pound weight.
from The Century Dictionary and Cyclopedia
- n. The Spanish dollar. See dollar, 1. Also called duro.
- n. A silver siege-piece struck for Girone in Spain, in 1808, during the Peninsular war.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. the basic unit of money in the Philippines; equal to 100 centavos
- n. the basic unit of money in Colombia; equal to 100 centavos
- n. the basic unit of money in Uruguay; equal to 100 centesimos
- n. the basic unit of money in Mexico; equal to 100 centavos
- n. the basic unit of money in Guinea-Bissau; equal to 100 centavos
- n. the basic unit of money in Chile; equal to 100 centesimos
- n. the basic unit of money in the Dominican Republic; equal to 100 centavos
- n. the basic unit of money in Cuba; equal to 100 centavos
Majesty's name granted the merchants 'peso [_peso merchante_] on
The Philippine Islands, 1493-1898 — Volume 08 of 55 1591-1593 Explorations by Early Navigators, Descriptions of the Islands and Their Peoples, Their History and Records of the Catholic Missions, as Related in Contemporaneous Books and Manuscripts, Showing the Political, Economic, Commercial and Religious Conditions of Those Islands from Their Earliest Relations with European Nations to the Close of the Nineteenth Century
Which does not mean that the peso is going to increase in value in the near future.
Also according to the IMF research the peso is remarkably undervalued in comparison to the USD, they exstimate the exchange rate at PPP (purchase parity power) should be 7.6 instead of current 13.2, meaning living cost in Mexico is about 43% lower than in the USA.
So our poster above who wanted to know why Mexico didn't develop its own symbol for the peso is evidently a youngster who never encountered the two slash dollar sign.
April 22, 2010 - Steady at 4.00 Cuts budget for s-term peso rediscounting window
March 11, 2010 - Steady at 4.00 Cuts budget for s-term peso rediscounting window
Jan 28, 2010 - Steady at 4.00 Raises rate on s-term peso rediscounting window
The central bank increased by 50 basis points the rate on its short-term peso rediscounting facility at a policy meeting on Thursday, joining the likes of the United States, Europe and China in withdrawing measures meant to protect their economies from the fallout of the global downturn.
` weight ': peso (Bolivia, Chile, Colombia, Cuba, Dominican Republic, Mexico, Philippines, Uruguay); its diminutive: peseta (Spain), and the same word in Portuguese: peso (Guinea-Bissau).
But what mostly undercut the peso was the bursting of a speculative debt bubble fueled by major Mexican transnationals.