Glossary: peseta

DEFINITION:
Basic Spanish currency unit. Consists of 100 centimos, but these are no longer in legal use. In terms of the United States dollar, the exchange rate averaged 60 pesetas in 1965, 56 pesetas in 1975, 79 pesetas in 1980, 126 pesetas in 1982, 173 pesetas in 1984, 154 pesetas in 1985, 134 pesetas in 1986, 107 pesetas in 1987, and 113 pesetas in 1988.

All Countries