Currencies.Zone

Bhutanese ngultrum

The Bhutanese ngultrum is the currency of Bhutan (BT)

Convert Australian dollar

1 BTN = 0.018 AUD

1 AUD = 55.063 BTN

Convert Argentine peso

1 BTN = 12.207 ARS

1 ARS = 0.082 BTN

Convert Burundian Franc

1 BTN = 33.971 BIF

1 BIF = 0.029 BTN

Convert Bahraini dinar

1 BTN = 0.004 BHD

1 BHD = 231.646 BTN

Convert Bolivian boliviano

1 BTN = 0.079 BOB

1 BOB = 12.622 BTN

Convert Azerbaijani manat

1 BTN = 0.019 AZN

1 AZN = 51.364 BTN

Convert Bhutanese ngultrum

1 BTN = 1.000 BTN

1 BTN = 1.000 BTN

Convert Costa Rican colón

1 BTN = 5.733 CRC

1 CRC = 0.174 BTN

Convert Czech koruna

1 BTN = 0.263 CZK

1 CZK = 3.798 BTN

Convert Chinese Yuan Renminbi

1 BTN = 0.083 CNY

1 CNY = 12.059 BTN

Convert Danish Krone

1 BTN = 0.078 DKK

1 DKK = 12.742 BTN

Convert Ethiopian birr

1 BTN = 1.503 ETB

1 ETB = 0.665 BTN

Convert Guinean franc

1 BTN = 99.134 GNF

1 GNF = 0.010 BTN

Convert Croatian kuna

1 BTN = 0.079 HRK

1 HRK = 12.612 BTN

Convert Indonesian Rupiah

1 BTN = 188.029 IDR

1 IDR = 0.005 BTN

Convert Jamaican Dollar

1 BTN = 1.801 JMD

1 JMD = 0.555 BTN

Convert Kyrgyzstani som

1 BTN = 1.002 KGS

1 KGS = 0.999 BTN

Convert Convertible Mark

1 BTN = 0.021 BAM

1 BAM = 48.616 BTN

Convert Netherlands Antillean guilder

1 BTN = 0.021 ANG

1 ANG = 48.398 BTN

Convert Botswana pula

1 BTN = 0.157 BWP

1 BWP = 6.363 BTN

Convert Brunei dollar

1 BTN = 0.015 BND

1 BND = 65.373 BTN

Convert Congolese franc

1 BTN = 32.835 CDF

1 CDF = 0.030 BTN

Convert Belize dollar

1 BTN = 0.023 BZD

1 BZD = 43.423 BTN

Convert Belarusian Ruble

1 BTN = 374.489 BYR

1 BYR = 0.003 BTN

Convert Bulgarian lev

1 BTN = 0.021 BGN

1 BGN = 48.619 BTN

Convert Canadian dollar

1 BTN = 0.016 CAD

1 CAD = 60.659 BTN

Convert Algerian dinar

1 BTN = 1.526 DZD

1 DZD = 0.655 BTN

Convert Eritrean nakfa

1 BTN = 0.172 ERN

1 ERN = 5.821 BTN

Convert Egyptian Pound

1 BTN = 0.580 EGP

1 EGP = 1.724 BTN

Convert Fijian Dollar

1 BTN = 0.026 FJD

1 FJD = 38.061 BTN

Convert Pound sterling

1 BTN = 0.009 GBP

1 GBP = 113.153 BTN

Convert Falkland Islands pound

1 BTN = 0.009 FKP

1 FKP = 113.153 BTN

Convert Guatemalan quetzal

1 BTN = 0.088 GTQ

1 GTQ = 11.313 BTN

Convert Hong Kong dollar

1 BTN = 0.089 HKD

1 HKD = 11.235 BTN

Convert Hungarian forint

1 BTN = 4.200 HUF

1 HUF = 0.238 BTN

Convert Iraqi dinar

1 BTN = 15.019 IQD

1 IQD = 0.067 BTN

Convert Iranian Rial

1 BTN = 482.140 IRR

1 IRR = 0.002 BTN

Convert Comorian Franc

1 BTN = 5.175 KMF

1 KMF = 0.193 BTN

Convert South Korean Won

1 BTN = 16.647 KRW

1 KRW = 0.060 BTN

Convert Albanian lek

1 BTN = 1.047 ALL

1 ALL = 0.955 BTN

Convert Bangladeshi Taka

1 BTN = 1.393 BDT

1 BDT = 0.718 BTN

Convert Aruban florin

1 BTN = 0.021 AWG

1 AWG = 48.511 BTN

Convert Brazilian Real

1 BTN = 0.066 BRL

1 BRL = 15.057 BTN

Convert Bitcoin Cash

1 BTN = 0.000 BCH

1 BCH = 29489.699 BTN

Convert Bitcoin

1 BTN = 0.000 BTC

1 BTC = 7276583.333 BTN

Convert Arab Emirates Dirham

1 BTN = 0.042 AED

1 AED = 23.775 BTN

Convert Angolan kwanza

1 BTN = 10.464 AOA

1 AOA = 0.096 BTN

Convert Bahamian dollar

1 BTN = 0.011 BSD

1 BSD = 87.319 BTN

Convert Chilean Peso

1 BTN = 10.755 CLP

1 CLP = 0.093 BTN

Convert Belarusian ruble

1 BTN = 0.038 BYN

1 BYN = 26.653 BTN

Convert Colombian Peso

1 BTN = 47.379 COP

1 COP = 0.021 BTN

Convert Cuban peso

1 BTN = 0.295 CUP

1 CUP = 3.391 BTN

Convert Ethereum

1 BTN = 0.000 ETH

1 ETH = 163213.084 BTN

Convert Euro

1 BTN = 0.011 EUR

1 EUR = 95.046 BTN

Convert Honduran lempira

1 BTN = 0.293 HNL

1 HNL = 3.410 BTN

Convert Gambian dalasi

1 BTN = 0.825 GMD

1 GMD = 1.213 BTN

Convert Gibraltar pound

1 BTN = 0.009 GIP

1 GIP = 113.153 BTN

Convert Haitian gourde

1 BTN = 1.504 HTG

1 HTG = 0.665 BTN

Convert Jordanian dinar

1 BTN = 0.008 JOD

1 JOD = 123.106 BTN

Convert Japanese Yen

1 BTN = 1.692 JPY

1 JPY = 0.591 BTN

Convert Afghan afghani

1 BTN = 0.812 AFN

1 AFN = 1.232 BTN

Convert Barbadian dollar

1 BTN = 0.023 BBD

1 BBD = 43.660 BTN

Convert Bermudian dollar

1 BTN = 0.011 BMD

1 BMD = 87.319 BTN

Convert Armenian dram

1 BTN = 4.500 AMD

1 AMD = 0.222 BTN

Convert Swiss franc

1 BTN = 0.010 CHF

1 CHF = 99.049 BTN

Convert Djiboutian franc

1 BTN = 2.042 DJF

1 DJF = 0.490 BTN

Convert Dominican Peso

1 BTN = 0.719 DOP

1 DOP = 1.391 BTN

Convert Cape Verdean escudo

1 BTN = 1.160 CVE

1 CVE = 0.862 BTN

Convert Georgian Lari

1 BTN = 0.032 GEL

1 GEL = 31.466 BTN

Convert Ghana Cedi

1 BTN = 0.178 GHS

1 GHS = 5.627 BTN

Convert Guyanese dollar

1 BTN = 2.399 GYD

1 GYD = 0.417 BTN

Convert Israeli Sheqel

1 BTN = 0.042 ILS

1 ILS = 23.991 BTN

Convert Indian Rupee

1 BTN = 0.997 INR

1 INR = 1.003 BTN

Convert Icelandic Krona

1 BTN = 1.541 ISK

1 ISK = 0.649 BTN

Convert Cambodian Riel

1 BTN = 45.950 KHR

1 KHR = 0.022 BTN

Convert Kenyan shilling

1 BTN = 1.481 KES

1 KES = 0.675 BTN

Convert Kuwaiti Dinar

1 BTN = 0.004 KWD

1 KWD = 283.476 BTN

Convert Kazakhstani tenge

1 BTN = 5.635 KZT

1 KZT = 0.177 BTN

Convert Sri Lankan rupee

1 BTN = 3.387 LKR

1 LKR = 0.295 BTN

Convert Moroccan dirham

1 BTN = 0.111 MAD

1 MAD = 9.005 BTN

Convert Burmese kyat

1 BTN = 24.027 MMK

1 MMK = 0.042 BTN

Convert Mongolian Tugrik

1 BTN = 38.915 MNT

1 MNT = 0.026 BTN

Convert Mauritian Rupee

1 BTN = 0.516 MUR

1 MUR = 1.938 BTN

Convert Mauritanian ouguiya

1 BTN = 4.567 MRO

1 MRO = 0.219 BTN

Convert Maldivian rufiyaa

1 BTN = 0.176 MVR

1 MVR = 5.666 BTN

Convert Malawian kwacha

1 BTN = 19.880 MWK

1 MWK = 0.050 BTN

Convert New Zealand Dollar

1 BTN = 0.020 NZD

1 NZD = 49.974 BTN

Convert Nepalese rupee

1 BTN = 1.600 NPR

1 NPR = 0.625 BTN

Convert Philippine peso

1 BTN = 0.656 PHP

1 PHP = 1.524 BTN

Convert Pakistani rupee

1 BTN = 3.211 PKR

1 PKR = 0.311 BTN

Convert Rwandan franc

1 BTN = 16.321 RWF

1 RWF = 0.061 BTN

Convert Litecoin

1 BTN = 0.000 LTC

1 LTC = 7791.470 BTN

Convert Mexican peso

1 BTN = 0.231 MXN

1 MXN = 4.325 BTN

Convert Nicaraguan córdoba

1 BTN = 0.422 NIO

1 NIO = 2.370 BTN

Convert Romanian leu

1 BTN = 0.052 RON

1 RON = 19.096 BTN

Convert North Korean won

1 BTN = 10.307 KPW

1 KPW = 0.097 BTN

Convert Cayman Islands dollar

1 BTN = 0.010 KYD

1 KYD = 104.669 BTN

Convert Lebanese pound

1 BTN = 1027.410 LBP

1 LBP = 0.001 BTN

Convert Libyan dinar

1 BTN = 0.055 LYD

1 LYD = 18.121 BTN

Convert Lao kip

1 BTN = 248.237 LAK

1 LAK = 0.004 BTN

Convert Malagasy Ariary

1 BTN = 53.438 MGA

1 MGA = 0.019 BTN

Convert Liberian dollar

1 BTN = 2.293 LRD

1 LRD = 0.436 BTN

Convert Macedonian Denar

1 BTN = 0.648 MKD

1 MKD = 1.544 BTN

Convert Lesotho loti

1 BTN = 0.211 LSL

1 LSL = 4.735 BTN

Convert Macanese pataca

1 BTN = 0.092 MOP

1 MOP = 10.899 BTN

Convert Moldovan Leu

1 BTN = 0.204 MDL

1 MDL = 4.897 BTN

Convert Namibian dollar

1 BTN = 0.211 NAD

1 NAD = 4.735 BTN

Convert Malaysian ringgit

1 BTN = 0.051 MYR

1 MYR = 19.702 BTN

Convert Omani rial

1 BTN = 0.004 OMR

1 OMR = 226.797 BTN

Convert Nigerian Naira

1 BTN = 17.592 NGN

1 NGN = 0.057 BTN

Convert Papua New Guinean Kina

1 BTN = 0.046 PGK

1 PGK = 21.669 BTN

Convert Panamanian Balboa

1 BTN = 0.011 PAB

1 PAB = 87.319 BTN

Convert Peruvian sol

1 BTN = 0.042 PEN

1 PEN = 23.810 BTN

Convert Norwegian krone

1 BTN = 0.122 NOK

1 NOK = 8.211 BTN

Convert Polish Zloty

1 BTN = 0.044 PLN

1 PLN = 22.672 BTN

Convert Paraguayan Guaraní

1 BTN = 90.922 PYG

1 PYG = 0.011 BTN

Convert Qatari Rial

1 BTN = 0.042 QAR

1 QAR = 23.945 BTN

Convert Solomon Islands Dollar

1 BTN = 0.096 SBD

1 SBD = 10.381 BTN

Convert Saudi riyal

1 BTN = 0.043 SAR

1 SAR = 23.281 BTN

Convert Singapore dollar

1 BTN = 0.015 SGD

1 SGD = 65.525 BTN

Convert Sierra Leonean leone

1 BTN = 240.148 SLL

1 SLL = 0.004 BTN

Convert Thai baht

1 BTN = 0.387 THB

1 THB = 2.584 BTN

Convert Taiwan dollar

1 BTN = 0.377 TWD

1 TWD = 2.649 BTN

Convert Ukrainian hryvnia

1 BTN = 0.476 UAH

1 UAH = 2.099 BTN

Convert Ugandan Shilling

1 BTN = 42.038 UGX

1 UGX = 0.024 BTN

Convert Surinamese dollar

1 BTN = 0.414 SRD

1 SRD = 2.414 BTN

Convert São Tomé and Príncipe dobra

1 BTN = 255.177 STD

1 STD = 0.004 BTN

Convert Turkish Lira

1 BTN = 0.419 TRY

1 TRY = 2.386 BTN

Convert Trinidad & Tobago Dollar

1 BTN = 0.078 TTD

1 TTD = 12.850 BTN

Convert Tongan paʻanga

1 BTN = 0.028 TOP

1 TOP = 36.262 BTN

Convert Uzbekistani som

1 BTN = 148.261 UZS

1 UZS = 0.007 BTN

Convert Yemeni Rial

1 BTN = 2.826 YER

1 YER = 0.354 BTN

Convert South African rand

1 BTN = 0.210 ZAR

1 ZAR = 4.755 BTN

Convert Serbian Dinar

1 BTN = 1.232 RSD

1 RSD = 0.812 BTN

Convert Russian ruble

1 BTN = 0.998 RUB

1 RUB = 1.002 BTN

Convert Somali shilling

1 BTN = 6.552 SOS

1 SOS = 0.153 BTN

Convert Salvadoran Colón

1 BTN = 0.100 SVC

1 SVC = 9.969 BTN

Convert Syrian Pound

1 BTN = 148.902 SYP

1 SYP = 0.007 BTN

Convert Swazi lilangeni

1 BTN = 0.211 SZL

1 SZL = 4.734 BTN

Convert Tunisian dinar

1 BTN = 0.035 TND

1 TND = 28.313 BTN

Convert Uruguayan peso

1 BTN = 0.486 UYU

1 UYU = 2.058 BTN

Convert Vietnamese dong

1 BTN = 291.741 VND

1 VND = 0.003 BTN

Convert Vanuatu vatu

1 BTN = 1.360 VUV

1 VUV = 0.736 BTN

Convert Samoan Tala

1 BTN = 0.032 WST

1 WST = 31.185 BTN

Convert CFA franc

1 BTN = 6.901 XAF

1 XAF = 0.145 BTN

Convert East Caribbean dollar

1 BTN = 0.031 XCD

1 XCD = 32.309 BTN

Convert Seychellois Rupee

1 BTN = 0.169 SCR

1 SCR = 5.932 BTN

Convert Swedish krona

1 BTN = 0.116 SEK

1 SEK = 8.652 BTN

Convert Saint Helena pound

1 BTN = 0.009 SHP

1 SHP = 113.153 BTN

Convert Tanzanian Shilling

1 BTN = 30.291 TZS

1 TZS = 0.033 BTN

Convert United States dollar

1 BTN = 0.011 USD

1 USD = 87.319 BTN

Convert CFP franc

1 BTN = 1.256 XPF

1 XPF = 0.796 BTN

Convert West African CFA franc

1 BTN = 6.901 XOF

1 XOF = 0.145 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.