South Pacific peso

South Pacific peso (plural South Pacific pesos)

1. (Australia, derogatory) The Australian dollar.
   • 1986 August 17, Tom Connors, “Supply & Demand”, in The Canberra Times, page 10:

     The poor sods aren’t exactly blaming me for the declining value of the “South Pacific peso” but they have to direct their panic somewhere.

   • 1991 June 30, Jon Thomson, “At the Wheel”, in The Canberra Times, page 26:

     The US dollar is worth considerably more than our South Pacific peso so exchange rates have to be carefully considered.

   • 2014 May 7, Houses and Holes, “Australian dollar flies on whatever!”, in MacroBusiness‎^[1]:

     We might take some comfort from the fact that the US dollar also fell heavily against the pound, loonie, krona, real, kiwi and the usual “risk on” suspects but none of them outpaced the South Pacific peso.