Centavo Meaning: Definition, Examples, and Translations

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centavo

[sษ›nหˆtษ‘ห.voสŠ ]

Definition

Context #1 | Noun

currency unit

A centavo is a fractional currency unit that is equal to one hundredth of the basic monetary unit in various countries, particularly those in Latin America. It is typically represented by the symbol 'ยข'. The term is derived from the Spanish 'centavo', which means 'cent'.

Synonyms

cent, penny, subunit.

Examples of usage

  • The price of the candy is five centavos.
  • In Mexico, there are coins valued in centavos.
  • Many markets accept payments rounded to the nearest centavo.
  • He found a centavo on the ground.
  • The total came to twenty-five centavos.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

Cultural Significance

  • In many Latin American countries, centavos are essential for daily transactions, highlighting the importance of currency in local economies.
  • Countries like Mexico and Argentina use the centavo alongside their main currencies, showcasing variations in inflation and spending power.

Historical Context

  • Centavos have been used since the colonial period in Latin America, evolving from Spanish coinage systems established during exploration.
  • During various economic upheavals, centavos have gone through redesigns and changes to maintain value, reflecting changes in society.

Finance

  • In modern economies, centavos can be crucial for transactions involving small purchases, demonstrating the importance of even the smallest units of currency.
  • Inflation can significantly impact the purchasing power of centavos, prompting governments to reconsider their relevance in the economy.

Pop Culture

  • Centavos often appear in local literature and folklore, symbolizing thriftiness or the idea of saving money.
  • In films or music from Latin America, centavos are sometimes referenced as a way to discuss poverty or wealth, connecting to social themes.

Origin of 'centavo'

Main points about word origin

  • The word 'centavo' comes from the Spanish word 'centavo', which means 'hundredth', relating to its value as one-hundredth of a currency.
  • It traces back to Latin 'centum', meaning 'hundred', showing how languages influence monetary terms.

The word 'centavo' originates from the Latin word 'centum', meaning 'hundred', which reflects the value of this currency unit as one-hundredth of a basic unit. The term was adopted into Spanish and Portuguese during the colonial period as European countries began to establish colonies in the Americas and Asia. As different countries developed their own monetary systems, the centavo became integrated into the currencies of numerous Latin American countries, allowing for smaller transactions and making commerce more accessible. Over the centuries, centavos have been produced in various denominations, often featuring unique designs that represent the nationโ€™s culture or history. The use of centavos continues today, making it a significant part of daily economic activity in these regions.


Word Frequency Rank

Ranking #37,864, this word is encountered relatively rarely in everyday English. It might appear in literary works or specialized texts but isn't essential for general communication.