What is centavo in dollar?

A centavo is a unit of currency that is typically equivalent to one one-hundredth of a currency in some Latin American countries, similar to how a cent is a one-hundredth of a dollar in the United States. The exact value of a centavo in dollars can vary based on the currency exchange rates of the specific country. For example, in Mexico, one peso is made up of 100 centavos, and its value in dollars fluctuates with market conditions.