The gourde is the currency of Haiti. Its ISO 4217 code is HTG, and it is divided into 100 centimes. At one time it was pegged to the US dollar at a value of 5 gourdes to the US dollar (starting in 1912); this is no longer the case and the currency now floats. Because of the old link, however, five gourdes is often referred to as a "Haitian dollar". Likewise, 5 centimes becomes a "Haitian penny". Indeed, in many places, prices are given not in gourdes, but rather in "Haitian dollars", which must be multiplied by five to convert to gourdes. As of April 2005, there were 38.150 gourdes to the US dollar. or 49.988 to the euro.