A "centavo" is a Spanish and Portuguese word meaning 1/100 of a basic monetary unit. As of 2014, there are 15 currencies that have fractions called "centavos." To find the value of a particular centavo, check the value of the basic unit against the U.S. dollar, and divide by 100.
A centavo can represent 1/100 of an Argentine peso, a Bolivian boliviano, a Brazilian real, a Nicaraguan córdoba, a Cape Verdean escudo, a Colombian peso, a Dominican peso, a Guatemalan quetzal, a Honduran lempira, a Mexican peso, a Mozambican metical, a Nicaraguan córdoba or a Philippine peso. In addition, Ecuador and East Timor use coins worth 1/100 of a U.S. dollar, which is the main currency used in both places. The value of a centavo depends on the type of currency and the fluctuations of the market.