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The real (meaning: "royal", plural: reales) was a unit of currency in Spain for several centuries after the mid-14th century (see Spanish colonization of the Americas), but changed in value relative to other units introduced. In 1864, the real was replaced by a new escudo, then by the peseta in 1868, when a real came to mean a quarter of a peseta.

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  • The real (meaning: "royal", plural: reales) was a unit of currency in Spain for several centuries after the mid-14th century (see Spanish colonization of the Americas), but changed in value relative to other units introduced. In 1864, the real was replaced by a new escudo, then by the peseta in 1868, when a real came to mean a quarter of a peseta.
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