Search results
Results From The WOW.Com Content Network
The Spanish dollar, also known as the piece of eight ( Spanish: real de a ocho, dólar, peso duro, peso fuerte or peso ), is a silver coin of approximately 38 mm (1.5 in) diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497 with content 25.563 g (0.8219 ozt) fine silver.
The dollar itself actually originated from the peso or Spanish dollar in the late 18th century. The sign "₱" is used in the Philippines. The silver peso worth eight reales was also known in English as a Spanish dollar or "piece of eight" and was widely used for international trade from the 16th to the 19th century.
The peseta, previously not a monetary unit but a colloquial name for the coin worth 1 ⁄ 5 of a peso, was formally introduced as a currency unit in 1868, at a time when Spain considered joining the Latin Monetary Union (LMU). [10] Spain eventually decided not to formally join the LMU, although it did achieve alignment with the bloc. [11]
The Mexican peso ( symbol: $; currency code: MXN; also abbreviated Mex$ to distinguish it from other peso-denominated currencies; referred to as the peso, Mexican peso, or colloquially varo) is the official currency of Mexico. The peso was first introduced in 1863, replacing the old Spanish colonial real.
The monetary unit in the former Spanish colonies was the silver peso, with a value of 8 reales. Silver coins were: cuartillo (1/4 R), medio (1/2 R), real, peseta (2 R), medio peso (4 R), and peso (8 R). If minted to standard, they were either 0·916 fine or (from 1772) 0·902 fine.
Spanish. real. Silver 8-real coin of 1768 from the Potosí mint. The real (English: /ɹeɪˈɑl/ Spanish: /reˈal/) (meaning: "royal", plural: reales) was a unit of currency in Spain for several centuries after the mid-14th century. [ 1] It underwent several changes in value relative to other units throughout its lifetime until it was replaced ...
The Cuban peso (in Spanish peso cubano, ISO 4217 code: CUP) also known as moneda nacional, is the official currency of Cuba . The Cuban peso historically circulated at par with the Spanish-American silver dollar from the 16th to 19th centuries, and then at par with the U.S. dollar from 1881 to 1959. The Castro government then introduced the ...
v. t. e. USD / MXN exchange rate. Mexico inflation rate 1970-2022. The Mexican peso crisis was a currency crisis sparked by the Mexican government's sudden devaluation of the peso against the U.S. dollar in December 1994, which became one of the first international financial crises ignited by capital flight. [ 1]