Glossary entry

Spanish term or phrase:

$1.000 000.00 (Un millón de pesos 00/100)

English translation:

$1,000,000.00 (One million pesos and zero cents // 00/100)

Added to glossary by Michael Powers (PhD)
Jan 4, 2009 13:37
15 yrs ago
8 viewers *
Spanish term

$1.000 000.00 (Un millón de pesos 00/100)

Spanish to English Bus/Financial Accounting $ v peso
Bit confused about the dollar amount being the same as the mexican peso amount and what '00/100' refers to. Any help greatly appreciated. Thanks.

$1.000 000.00 (Un millón de pesos 00/100)
Change log

Jan 5, 2009 23:17: Michael Powers (PhD) Created KOG entry

Discussion

Paul Merriam Jan 4, 2009:
Money sign Both the Mexican Peso and the US dollar use $ as an abbreviation. One often sees US$ to refer to US dollars. Another convention I've seen is to use two lines for the US dollar and one for the Mexican peso, but many typewriters don't support that. In this case, the author has made it clear that he/she/it is referring to Mexican pesos.

Proposed translations

+3
7 mins
Selected

$1,000,000.00 (One million pesos and zero cents // 00/100)

Mike :)

--------------------------------------------------
Note added at 7 mins (2009-01-04 13:45:17 GMT)
--------------------------------------------------

In the US we use commas to separate after a thousand and a mllion and a period before the cents.

There are two ways to express cents in English - the same or simply the amount and cents.

Mike :)


--------------------------------------------------
Note added at 1 day9 hrs (2009-01-05 23:17:17 GMT) Post-grading
--------------------------------------------------

You're welcome.
Peer comment(s):

agree María T. Vargas
3 mins
Thank you, Pampi - Mike :)
agree Gilberto Diaz Castro : That is correct, 00/100 means zero onehundreth of a Peso.
1 hr
Thank you, Gilberto - Mike :)
agree Sgallomuniz : Coincido. Saludos, Silvia
1 hr
Gracias, Silvia - saludos a ti, también - Mike :)
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "thanks"
3 mins

one million pesos (with no cents)

I hope this helps :)
Something went wrong...
1 hr

1,000,000.00 MXN

skip the dollar sign if you like and simply indicate the Mexican currency with the letters "MXN"

eg. 1,000,000.00 MXN = 72,595.28 USD

abbreviatioms for other currencies can be found at http://www.xe.com/
Something went wrong...
2 hrs

Ps1 million

According to The Economist Style Guide, the abbreviation for the Mexican peso is Ps. This seems to be common in the media.
Something went wrong...

Reference comments

1 hr
Reference:

The use of the $

So happens that the US adopted the $ symbol from the Mexican currency a long time ago. In accordance with Wikipedia:

The peso (sign: $; code: MXN) is the currency of Mexico, also known as dallo. The symbol used for the peso is "$", basically the same as for the US dollar since the dollar derived its logo from the Spanish-Mexican currency. It is one of the top most traded currencies in the world. The current ISO 4217 code for the peso is MXN; prior to the 1993 revaluation, the code MXP was used. The peso is subdivided into 100 centavos, represented by "¢". The name was originally used in reference to pesos oro (gold weights) or pesos Plata (silver weights). The translation of peso from Spanish to English is weight.

In the money market they are distinguished by their symbols USD vs. MXN.

http://infao5501.ag5.mpi-sb.mpg.de:8080/topx/archive?link=Wi...
Something went wrong...
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search