Definition

1. Noun:
   • The basic unit of money in Uruguay: The "Uruguayan peso" is the official and primary currency of Uruguay. It serves as the standard unit for pricing goods, services, and financial transactions within the country.
   • A currency subdivision: One Uruguayan peso is subdivided into 100 centésimos.

Usage Examples

• Noun:
  • The price of the souvenir was fifty Uruguayan pesos. (The cost was expressed in the national currency of Uruguay.)
  • I need to exchange my dollars for Uruguayan pesos before my trip. (I need to obtain the local currency used in Uruguay.)
  • The old coin was worth five Uruguayan pesos. (The coin had a value denominated in Uruguay's monetary unit.)

Advanced Usage

• In economic/financial contexts: The term is used when discussing exchange rates, monetary policy, or the Uruguayan economy.
  • The value of the Uruguayan peso fluctuated against the US dollar.
• Historical reference: Refers to the currency throughout its periods of issuance, acknowledging possible changes in design or value over time.
  • The museum displayed Uruguayan pesos from the early 20th century.

Variants and Related Words

• Peso Uruguayo: The Spanish name for the currency, often used in formal or local contexts.
• $U: A common symbol or abbreviation used to represent the Uruguayan peso (e.g., UYU 100).
• Centésimo: The fractional unit; 100 centésimos equal one Uruguayan peso.
• UYU: The three-letter ISO 4217 currency code for the Uruguayan peso, used in international banking and finance.

Synonyms

• Uruguayan currency: A general term for the money used in Uruguay.
• UYU: The official international code representing the currency.

Related Phrases

• Peso notes/bills: Refers to the paper currency of Uruguay.
• Peso coins: Refers to the metallic currency of Uruguay.
• Exchange rate for the peso: The value of the Uruguayan peso compared to another currency.

Noun

1. the basic unit of money in Uruguay; equal to 100 centesimos