There are several synonyms for the term "argentine peso argentino", which is the official currency of Argentina. Some of the common synonyms are Argentine currency, AR$, and Argentinian peso. The AR$ is abbreviated in global financial markets as ARS. The Argentine peso is divided into 100 centavos, and it replaced the Argentine austral in 1992. The AR$ is accepted in most cities in Argentina, but it is always advisable to carry cash when traveling to smaller towns. The exchange rate of the Argentine peso against the US dollar is often volatile, and it is best to check with a foreign exchange provider before making any transactions.