Currencies.Zone

Bhutanese ngultrum

The Bhutanese ngultrum is the currency of Bhutan (BT)

Convert Australian dollar

1 BTN = 0.017 AUD

1 AUD = 57.225 BTN

Convert Argentine peso

1 BTN = 16.916 ARS

1 ARS = 0.059 BTN

Convert Burundian Franc

1 BTN = 33.524 BIF

1 BIF = 0.030 BTN

Convert Bahraini dinar

1 BTN = 0.004 BHD

1 BHD = 233.540 BTN

Convert Bolivian boliviano

1 BTN = 0.079 BOB

1 BOB = 12.718 BTN

Convert Azerbaijani manat

1 BTN = 0.019 AZN

1 AZN = 51.654 BTN

Convert Bhutanese ngultrum

1 BTN = 1.000 BTN

1 BTN = 1.000 BTN

Convert Costa Rican colón

1 BTN = 5.719 CRC

1 CRC = 0.175 BTN

Convert Czech koruna

1 BTN = 0.239 CZK

1 CZK = 4.192 BTN

Convert Chinese Yuan Renminbi

1 BTN = 0.081 CNY

1 CNY = 12.329 BTN

Convert Danish Krone

1 BTN = 0.073 DKK

1 DKK = 13.650 BTN

Convert Ethiopian birr

1 BTN = 1.718 ETB

1 ETB = 0.582 BTN

Convert Guinean franc

1 BTN = 98.808 GNF

1 GNF = 0.010 BTN

Convert Croatian kuna

1 BTN = 0.074 HRK

1 HRK = 13.533 BTN

Convert Indonesian Rupiah

1 BTN = 189.100 IDR

1 IDR = 0.005 BTN

Convert Jamaican Dollar

1 BTN = 1.827 JMD

1 JMD = 0.547 BTN

Convert Kyrgyzstani som

1 BTN = 0.996 KGS

1 KGS = 1.004 BTN

Convert Convertible Mark

1 BTN = 0.019 BAM

1 BAM = 52.135 BTN

Convert Netherlands Antillean guilder

1 BTN = 0.020 ANG

1 ANG = 48.781 BTN

Convert Botswana pula

1 BTN = 0.160 BWP

1 BWP = 6.238 BTN

Convert Brunei dollar

1 BTN = 0.015 BND

1 BND = 67.620 BTN

Convert Congolese franc

1 BTN = 25.949 CDF

1 CDF = 0.039 BTN

Convert Belize dollar

1 BTN = 0.023 BZD

1 BZD = 43.648 BTN

Convert Belarusian Ruble

1 BTN = 387.741 BYR

1 BYR = 0.003 BTN

Convert Bulgarian lev

1 BTN = 0.019 BGN

1 BGN = 52.135 BTN

Convert Canadian dollar

1 BTN = 0.016 CAD

1 CAD = 62.749 BTN

Convert Algerian dinar

1 BTN = 1.486 DZD

1 DZD = 0.673 BTN

Convert Eritrean nakfa

1 BTN = 0.171 ERN

1 ERN = 5.854 BTN

Convert Egyptian Pound

1 BTN = 0.541 EGP

1 EGP = 1.847 BTN

Convert Fijian Dollar

1 BTN = 0.026 FJD

1 FJD = 38.197 BTN

Convert Pound sterling

1 BTN = 0.009 GBP

1 GBP = 116.943 BTN

Convert Falkland Islands pound

1 BTN = 0.009 FKP

1 FKP = 116.943 BTN

Convert Guatemalan quetzal

1 BTN = 0.087 GTQ

1 GTQ = 11.468 BTN

Convert Hong Kong dollar

1 BTN = 0.088 HKD

1 HKD = 11.300 BTN

Convert Hungarian forint

1 BTN = 3.832 HUF

1 HUF = 0.261 BTN

Convert Iraqi dinar

1 BTN = 14.936 IQD

1 IQD = 0.067 BTN

Convert Iranian Rial

1 BTN = 478.695 IRR

1 IRR = 0.002 BTN

Convert Comorian Franc

1 BTN = 4.825 KMF

1 KMF = 0.207 BTN

Convert South Korean Won

1 BTN = 16.368 KRW

1 KRW = 0.061 BTN

Convert Albanian lek

1 BTN = 0.948 ALL

1 ALL = 1.055 BTN

Convert Bangladeshi Taka

1 BTN = 1.393 BDT

1 BDT = 0.718 BTN

Convert Aruban florin

1 BTN = 0.020 AWG

1 AWG = 49.056 BTN

Convert Brazilian Real

1 BTN = 0.061 BRL

1 BRL = 16.317 BTN

Convert Bitcoin Cash

1 BTN = 0.000 BCH

1 BCH = 4277.204 BTN

Convert Bitcoin

1 BTN = 0.000 BTC

1 BTC = 9756777.778 BTN

Convert Arab Emirates Dirham

1 BTN = 0.042 AED

1 AED = 23.910 BTN

Convert Angolan kwanza

1 BTN = 10.419 AOA

1 AOA = 0.096 BTN

Convert Bahamian dollar

1 BTN = 0.011 BSD

1 BSD = 87.811 BTN

Convert Chilean Peso

1 BTN = 10.779 CLP

1 CLP = 0.093 BTN

Convert Belarusian ruble

1 BTN = 0.039 BYN

1 BYN = 25.790 BTN

Convert Colombian Peso

1 BTN = 44.192 COP

1 COP = 0.023 BTN

Convert Cuban peso

1 BTN = 0.273 CUP

1 CUP = 3.662 BTN

Convert Ethereum

1 BTN = 0.000 ETH

1 ETH = 344356.863 BTN

Convert Euro

1 BTN = 0.010 EUR

1 EUR = 101.966 BTN

Convert Honduran lempira

1 BTN = 0.299 HNL

1 HNL = 3.342 BTN

Convert Gambian dalasi

1 BTN = 0.832 GMD

1 GMD = 1.202 BTN

Convert Gibraltar pound

1 BTN = 0.009 GIP

1 GIP = 116.943 BTN

Convert Haitian gourde

1 BTN = 1.490 HTG

1 HTG = 0.671 BTN

Convert Jordanian dinar

1 BTN = 0.008 JOD

1 JOD = 123.852 BTN

Convert Japanese Yen

1 BTN = 1.738 JPY

1 JPY = 0.575 BTN

Convert Afghan afghani

1 BTN = 0.756 AFN

1 AFN = 1.323 BTN

Convert Barbadian dollar

1 BTN = 0.023 BBD

1 BBD = 43.906 BTN

Convert Bermudian dollar

1 BTN = 0.011 BMD

1 BMD = 87.811 BTN

Convert Armenian dram

1 BTN = 4.344 AMD

1 AMD = 0.230 BTN

Convert Swiss franc

1 BTN = 0.009 CHF

1 CHF = 110.372 BTN

Convert Djiboutian franc

1 BTN = 2.028 DJF

1 DJF = 0.493 BTN

Convert Dominican Peso

1 BTN = 0.727 DOP

1 DOP = 1.376 BTN

Convert Cape Verdean escudo

1 BTN = 1.081 CVE

1 CVE = 0.925 BTN

Convert Georgian Lari

1 BTN = 0.031 GEL

1 GEL = 32.251 BTN

Convert Ghana Cedi

1 BTN = 0.123 GHS

1 GHS = 8.131 BTN

Convert Guyanese dollar

1 BTN = 2.380 GYD

1 GYD = 0.420 BTN

Convert Israeli Sheqel

1 BTN = 0.037 ILS

1 ILS = 26.687 BTN

Convert Indian Rupee

1 BTN = 1.000 INR

1 INR = 1.000 BTN

Convert Icelandic Krona

1 BTN = 1.395 ISK

1 ISK = 0.717 BTN

Convert Cambodian Riel

1 BTN = 45.960 KHR

1 KHR = 0.022 BTN

Convert Kenyan shilling

1 BTN = 1.470 KES

1 KES = 0.680 BTN

Convert Kuwaiti Dinar

1 BTN = 0.003 KWD

1 KWD = 286.393 BTN

Convert Kazakhstani tenge

1 BTN = 6.121 KZT

1 KZT = 0.163 BTN

Convert Sri Lankan rupee

1 BTN = 3.451 LKR

1 LKR = 0.290 BTN

Convert Moroccan dirham

1 BTN = 0.105 MAD

1 MAD = 9.509 BTN

Convert Burmese kyat

1 BTN = 23.911 MMK

1 MMK = 0.042 BTN

Convert Mongolian Tugrik

1 BTN = 40.944 MNT

1 MNT = 0.024 BTN

Convert Mauritian Rupee

1 BTN = 0.518 MUR

1 MUR = 1.929 BTN

Convert Mauritanian ouguiya

1 BTN = 4.561 MRO

1 MRO = 0.219 BTN

Convert Maldivian rufiyaa

1 BTN = 0.175 MVR

1 MVR = 5.700 BTN

Convert Malawian kwacha

1 BTN = 19.764 MWK

1 MWK = 0.051 BTN

Convert New Zealand Dollar

1 BTN = 0.020 NZD

1 NZD = 50.527 BTN

Convert Nepalese rupee

1 BTN = 1.601 NPR

1 NPR = 0.625 BTN

Convert Philippine peso

1 BTN = 0.668 PHP

1 PHP = 1.498 BTN

Convert Pakistani rupee

1 BTN = 3.217 PKR

1 PKR = 0.311 BTN

Convert Rwandan franc

1 BTN = 16.507 RWF

1 RWF = 0.061 BTN

Convert Litecoin

1 BTN = 0.000 LTC

1 LTC = 8316.223 BTN

Convert Mexican peso

1 BTN = 0.210 MXN

1 MXN = 4.773 BTN

Convert Nicaraguan córdoba

1 BTN = 0.419 NIO

1 NIO = 2.389 BTN

Convert Romanian leu

1 BTN = 0.050 RON

1 RON = 20.056 BTN

Convert North Korean won

1 BTN = 10.249 KPW

1 KPW = 0.098 BTN

Convert Cayman Islands dollar

1 BTN = 0.009 KYD

1 KYD = 105.642 BTN

Convert Lebanese pound

1 BTN = 1020.636 LBP

1 LBP = 0.001 BTN

Convert Libyan dinar

1 BTN = 0.062 LYD

1 LYD = 16.142 BTN

Convert Lao kip

1 BTN = 246.896 LAK

1 LAK = 0.004 BTN

Convert Malagasy Ariary

1 BTN = 50.965 MGA

1 MGA = 0.020 BTN

Convert Liberian dollar

1 BTN = 2.082 LRD

1 LRD = 0.480 BTN

Convert Macedonian Denar

1 BTN = 0.604 MKD

1 MKD = 1.654 BTN

Convert Lesotho loti

1 BTN = 0.197 LSL

1 LSL = 5.073 BTN

Convert Macanese pataca

1 BTN = 0.091 MOP

1 MOP = 10.970 BTN

Convert Moldovan Leu

1 BTN = 0.193 MDL

1 MDL = 5.177 BTN

Convert Namibian dollar

1 BTN = 0.197 NAD

1 NAD = 5.073 BTN

Convert Malaysian ringgit

1 BTN = 0.048 MYR

1 MYR = 20.764 BTN

Convert Omani rial

1 BTN = 0.004 OMR

1 OMR = 228.181 BTN

Convert Nigerian Naira

1 BTN = 16.647 NGN

1 NGN = 0.060 BTN

Convert Papua New Guinean Kina

1 BTN = 0.048 PGK

1 PGK = 20.893 BTN

Convert Panamanian Balboa

1 BTN = 0.011 PAB

1 PAB = 87.811 BTN

Convert Peruvian sol

1 BTN = 0.039 PEN

1 PEN = 25.879 BTN

Convert Norwegian krone

1 BTN = 0.114 NOK

1 NOK = 8.797 BTN

Convert Polish Zloty

1 BTN = 0.041 PLN

1 PLN = 24.110 BTN

Convert Paraguayan Guaraní

1 BTN = 80.523 PYG

1 PYG = 0.012 BTN

Convert Qatari Rial

1 BTN = 0.041 QAR

1 QAR = 24.124 BTN

Convert Solomon Islands Dollar

1 BTN = 0.097 SBD

1 SBD = 10.363 BTN

Convert Saudi riyal

1 BTN = 0.043 SAR

1 SAR = 23.416 BTN

Convert Singapore dollar

1 BTN = 0.015 SGD

1 SGD = 67.620 BTN

Convert Sierra Leonean leone

1 BTN = 263.191 SLL

1 SLL = 0.004 BTN

Convert Thai baht

1 BTN = 0.373 THB

1 THB = 2.679 BTN

Convert Taiwan dollar

1 BTN = 0.350 TWD

1 TWD = 2.854 BTN

Convert Ukrainian hryvnia

1 BTN = 0.477 UAH

1 UAH = 2.097 BTN

Convert Ugandan Shilling

1 BTN = 39.740 UGX

1 UGX = 0.025 BTN

Convert Surinamese dollar

1 BTN = 0.453 SRD

1 SRD = 2.209 BTN

Convert São Tomé and Príncipe dobra

1 BTN = 242.046 STD

1 STD = 0.004 BTN

Convert Turkish Lira

1 BTN = 0.478 TRY

1 TRY = 2.092 BTN

Convert Trinidad & Tobago Dollar

1 BTN = 0.077 TTD

1 TTD = 12.946 BTN

Convert Tongan paʻanga

1 BTN = 0.027 TOP

1 TOP = 36.559 BTN

Convert Uzbekistani som

1 BTN = 137.855 UZS

1 UZS = 0.007 BTN

Convert Yemeni Rial

1 BTN = 2.721 YER

1 YER = 0.368 BTN

Convert South African rand

1 BTN = 0.197 ZAR

1 ZAR = 5.073 BTN

Convert Serbian Dinar

1 BTN = 1.150 RSD

1 RSD = 0.870 BTN

Convert Russian ruble

1 BTN = 0.925 RUB

1 RUB = 1.081 BTN

Convert Somali shilling

1 BTN = 6.478 SOS

1 SOS = 0.154 BTN

Convert Salvadoran Colón

1 BTN = 0.100 SVC

1 SVC = 10.036 BTN

Convert Syrian Pound

1 BTN = 125.917 SYP

1 SYP = 0.008 BTN

Convert Swazi lilangeni

1 BTN = 0.197 SZL

1 SZL = 5.073 BTN

Convert Tunisian dinar

1 BTN = 0.033 TND

1 TND = 29.895 BTN

Convert Uruguayan peso

1 BTN = 0.453 UYU

1 UYU = 2.208 BTN

Convert Vietnamese dong

1 BTN = 299.854 VND

1 VND = 0.003 BTN

Convert Vanuatu vatu

1 BTN = 1.389 VUV

1 VUV = 0.720 BTN

Convert Samoan Tala

1 BTN = 0.032 WST

1 WST = 31.287 BTN

Convert CFA franc

1 BTN = 6.433 XAF

1 XAF = 0.155 BTN

Convert East Caribbean dollar

1 BTN = 0.031 XCD

1 XCD = 32.434 BTN

Convert Seychellois Rupee

1 BTN = 0.160 SCR

1 SCR = 6.237 BTN

Convert Swedish krona

1 BTN = 0.107 SEK

1 SEK = 9.342 BTN

Convert Saint Helena pound

1 BTN = 0.009 SHP

1 SHP = 116.943 BTN

Convert Tanzanian Shilling

1 BTN = 28.308 TZS

1 TZS = 0.035 BTN

Convert United States dollar

1 BTN = 0.011 USD

1 USD = 87.811 BTN

Convert CFP franc

1 BTN = 1.170 XPF

1 XPF = 0.854 BTN

Convert West African CFA franc

1 BTN = 6.433 XOF

1 XOF = 0.155 BTN

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Evolution of the BTN Exchange Rate

The Bhutanese ngultrum (BTN) has historically maintained a fixed exchange rate with the Indian rupee (INR) at a 1:1 ratio. This fixed rate has been in place since the inception of the BTN in 1974. As a result, the BTN exchange rate has remained relatively stable against the INR over time.

Variations in the BTN Exchange Rate

Due to its fixed exchange rate regime, the BTN has experienced minimal variations against the INR. However, there have been instances where external factors, such as global economic shocks or changes in the Indian economy, have temporarily affected the exchange rate. For example, during periods of financial turmoil or economic instability, there may be slight fluctuations in the BTN exchange rate.

Significance of BTN in the Global Economy

The BTN is not widely traded or used outside of Bhutan. It holds limited significance in the global economy as it is not a fully convertible currency. The majority of Bhutan's trade is conducted with India, and the fixed exchange rate with the INR helps facilitate smooth bilateral trade between the two countries. However, in terms of global financial markets, the BTN does not play a significant role.

Shocks Experienced by BTN and Correlation with Other Currencies

The BTN is susceptible to external shocks that affect the Indian economy due to its fixed exchange rate with the INR. When the INR experiences significant fluctuations and depreciation, it indirectly impacts the BTN exchange rate. Additionally, global economic shocks or events may also influence the BTN exchange rate to a certain extent. However, as the BTN is not actively traded or widely used, its correlation with other currencies is not extensively studied or analyzed.