South Pacific peso
South Pacific peso is a tongue-in-cheek, slightly self-deprecating Australian slang term for the Australian dollar.
Definitions
South Pacific peso is a tongue-in-cheek, slightly self-deprecating Australian slang term for the Australian dollar. The nickname implies that the AUD is a soft, unreliable currency — more at home alongside developing-world money than the heavyweight currencies of the world stage. Australians deploy the phrase with wry humour, usually when the exchange rate is particularly unflattering or when they are about to get rinsed booking an overseas holiday.
He sighed at the airport currency exchange and muttered something about the South Pacific peso being worth less every time he travelled.
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(Australia, derogatory) The Australian dollar.
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