<Tr> <Th> Source </Th> <Td> Banco Ciudad and private consultants </Td> </Tr> <P> The peso (established as the peso convertible) is the currency of Argentina, identified by the symbol $preceding the amount in the same way as many countries using dollar currencies . It is subdivided into 100 centavos . Its ISO 4217 code is ARS . </P> <P> Since the late 20th century, the Argentine peso has experienced a substantial rate of devaluation, reaching 25% in 2017 . The official exchange rate for the United States dollar hovered around 3: 1 from 2002 to 2008, climbing to 6: 1 between 2009 and 2013 . By January 2018, the rate had risen to 20: 1 . </P> <P> Amounts in earlier pesos were sometimes preceded by a "$" sign and sometimes, particularly in formal use, by symbols identifying that it was a specific currency, for example $m / n100 or m $n100 for pesos moneda nacional . The peso introduced in 1992 is just called peso (until 2002 peso convertible), and is written preceded by a "$" sign only . Earlier pesos replaced currencies also called peso, and sometimes two varieties of peso coexisted, making it necessary to have a distinguishing term to use, at least in the transitional period; the 1992 peso replaced a currency with a different name, austral . </P>

What is the value of the argentine peso
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