"Centavo", "céntimo" and "centésimo" are common translations for "cent", and many (but not all) Spanish speaking countries use one of these names as the official name for 1/100th of the primary unit of currency. You need to learn which one individually for each country or region. This wikipedia article identifies some of them:
Centavo = 1/100th of: Argentine peso, Bolivian boliviano, Cuban peso, Mexican peso, Phillipine peso, and US dollar in those countries or territories that use it as an official or extra-official currency (Puerto Rico, El Salvador, Ecuador, Panama).
Céntimo = 1/100th of: European euro, Peruvian nuevo sol
Centésimo = 1/100th of: Panamanian balboa, Uruguayan peso
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