Peso: meaning, definitions and examples

The term 'peso' originates from the Spanish word 'peso', meaning 'weight'. It was used historically to refer to a number of coins and denominations during the Spanish colonial period. The peso was first introduced in Spain in the 16th century and was used in various Spanish colonies, making it a significant form of currency in trade and commerce across the Americas. Over time, different regions adopted their own versions of the peso, leading to various national currencies like the Mexican peso and the Argentine peso. The currency's name and the practice of weighing coins is reflective of the monetary systems that relied on the actual weight of precious metals, which were used to back the currency before modern fiat systems took over.

With rank #19,358, this word belongs to specialized vocabulary. While not common in everyday speech, it enriches your ability to express complex ideas.

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• 19358 peso
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