The peso (originally established as the peso convertible) is the currency of Argentina. Its ISO 4217 code is ARS, and the symbol used locally for it is $ (to avoid confusion, Argentines frequently use U$D, US$, U$, U$S, or U$A to indicate U.S. dollars). It is divided into 100 centavos. The peso was also the name of several earlier currencies of Argentina. The exchange rate as of February 22, 2010 was 3.86 pesos to 1 United States dollar.