Spanish people mostly understand the word “cheers” as saying: “salud” when you are drinking a few beers in the pub with your friends.
The second meaning, however, is less known but probably more important because it is used quite commonly in the UK as a way of saying “thank you”. So for example you might hear the following when you are ordering something in a bar: “Here is your drink!.....Oh, cheers”. So, remember: CHEERS = THANK YOU.
Hope that helps!
Soy el director de Daniel Smith + Partners. Tengo más de 10 años de experiencia enseñando inglés a españoles.