History Use for the Spanish American peso in the late 1700s In most English-speaking countries that use that symbol, it is placed to the left of the amount specified, e.g. The Unicode computer encoding standard defines a single code for both. The one- and two-stroke version are often considered mere stylistic ( typeface) variants, although in some places and epochs one of them may have been specifically assigned, by law or custom, to a specific currency. In countries that have other currency signs, the US dollar is often assumed and the "US" prefix omitted. The sign is also used in several compound currency symbols, such as the Brazilian real (R$) and the United States dollar (US$): in local use, the nationality prefix is usually omitted. The explicitly double-barred sign is called cifrão in Portuguese. The dollar sign, also known as peso sign, is a symbol consisting of a capital " S" crossed with one or two vertical strokes ( $ or depending on typeface), used to indicate the unit of various currencies around the world, including most currencies denominated " peso" and " dollar".
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