Mexican peso
1
2.0
- noun
:
peso mexicano
- Stocks fell by 2 percent in Asia, and the value of the Mexican peso tumbled.
Examples
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When traveling in Mexico, always check the current exchange rate for Mexican pesos before making a purchase.
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At the market, I exchanged my dollars for Mexican pesos to buy some souvenirs.
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Perhaps greenbacks to Canadian dollars or Mexican pesos will be far more valuable.
Blog text (12) -
Many were rewarded with substantial increases in foreign investment, but these were reversed after the collapse of the Mexican peso in 1994.
Academic text (1996) -
The exchange rate between the Mexican peso and other currencies has a major influence on the inflow of international visitors.
Blog text (15) -
The eruption occurred days after a profound national economic crisis resulting from the devaluation of the Mexican peso that required the financial assistance of the United States.
Academic text (2006) -
Likewise, Pizza Patrón, at least temporarily, is accepting payment in Mexican pesos in all of its stores.
Academic text (2008) -
One of the most critical external factors affecting this industry has been the surge in Mexican exports to the United States following the implementation of the North American Free Trade Agreement (NAFTA) in 1994 and the devaluation of the Mexican peso by half in December 1994 and January 1995.
Academic text (1998) -
However, the good times for this arrangement ended with the Mexican economic crisis of 1982, since which time advertising expenditures have faltered in their growth, and the perpetual slide of the Mexican peso has made Televisa anxious to build up its dollar earnings.
Academic text (1990) -
After the recent economic changes, the value of the Mexican peso has become more stable.
Synonyms
17
1.6
A unit of money used in countries like Mexico and the Philippines
Surface Forms
Morphology
The meaning 'the official currency of Mexico' is directly and transparently derived from combining 'Mexican' (relating to Mexico) with 'peso' (a unit of currency). Country-adjective + currency-noun combinations are cross-linguistically common and follow a standard compositional pattern, so a B1 learner who knows both constituents will readily infer the MWE's meaning.
Etymology
Mexican peso comes from the Spanish word peso, which means 'weight'. Long ago, coins were named for how much they weighed, so peso became the name for a silver coin and later for the country's 'money', which is why Mexican peso means Mexico's currency today.