Currencies.Zone

Bhutanese ngultrum

The Bhutanese ngultrum is the currency of Bhutan (BT)

Convert Australian dollar

1 BTN = 0.018 AUD

1 AUD = 54.589 BTN

Convert Argentine peso

1 BTN = 10.254 ARS

1 ARS = 0.098 BTN

Convert Burundian Franc

1 BTN = 34.545 BIF

1 BIF = 0.029 BTN

Convert Bahraini dinar

1 BTN = 0.005 BHD

1 BHD = 219.561 BTN

Convert Bolivian boliviano

1 BTN = 0.083 BOB

1 BOB = 11.980 BTN

Convert Azerbaijani manat

1 BTN = 0.021 AZN

1 AZN = 48.681 BTN

Convert Bhutanese ngultrum

1 BTN = 1.000 BTN

1 BTN = 1.000 BTN

Convert Costa Rican colón

1 BTN = 6.180 CRC

1 CRC = 0.162 BTN

Convert Czech koruna

1 BTN = 0.280 CZK

1 CZK = 3.571 BTN

Convert Chinese Yuan Renminbi

1 BTN = 0.087 CNY

1 CNY = 11.526 BTN

Convert Danish Krone

1 BTN = 0.083 DKK

1 DKK = 12.109 BTN

Convert Ethiopian birr

1 BTN = 0.686 ETB

1 ETB = 1.458 BTN

Convert Guinean franc

1 BTN = 103.836 GNF

1 GNF = 0.010 BTN

Convert Croatian kuna

1 BTN = 0.083 HRK

1 HRK = 11.983 BTN

Convert Indonesian Rupiah

1 BTN = 187.792 IDR

1 IDR = 0.005 BTN

Convert Jamaican Dollar

1 BTN = 1.875 JMD

1 JMD = 0.533 BTN

Convert Kyrgyzstani som

1 BTN = 1.081 KGS

1 KGS = 0.925 BTN

Convert Convertible Mark

1 BTN = 0.022 BAM

1 BAM = 46.274 BTN

Convert Netherlands Antillean guilder

1 BTN = 0.022 ANG

1 ANG = 45.930 BTN

Convert Botswana pula

1 BTN = 0.164 BWP

1 BWP = 6.099 BTN

Convert Brunei dollar

1 BTN = 0.016 BND

1 BND = 62.200 BTN

Convert Congolese franc

1 BTN = 33.524 CDF

1 CDF = 0.030 BTN

Convert Belize dollar

1 BTN = 0.024 BZD

1 BZD = 41.066 BTN

Convert Belarusian Ruble

1 BTN = 394.521 BYR

1 BYR = 0.003 BTN

Convert Bulgarian lev

1 BTN = 0.022 BGN

1 BGN = 46.256 BTN

Convert Canadian dollar

1 BTN = 0.016 CAD

1 CAD = 61.265 BTN

Convert Algerian dinar

1 BTN = 1.625 DZD

1 DZD = 0.616 BTN

Convert Eritrean nakfa

1 BTN = 0.181 ERN

1 ERN = 5.517 BTN

Convert Egyptian Pound

1 BTN = 0.590 EGP

1 EGP = 1.696 BTN

Convert Fijian Dollar

1 BTN = 0.027 FJD

1 FJD = 37.066 BTN

Convert Pound sterling

1 BTN = 0.009 GBP

1 GBP = 105.609 BTN

Convert Falkland Islands pound

1 BTN = 0.009 FKP

1 FKP = 105.609 BTN

Convert Guatemalan quetzal

1 BTN = 0.094 GTQ

1 GTQ = 10.600 BTN

Convert Hong Kong dollar

1 BTN = 0.095 HKD

1 HKD = 10.577 BTN

Convert Hungarian forint

1 BTN = 4.414 HUF

1 HUF = 0.227 BTN

Convert Iraqi dinar

1 BTN = 15.825 IQD

1 IQD = 0.063 BTN

Convert Iranian Rial

1 BTN = 507.963 IRR

1 IRR = 0.002 BTN

Convert Comorian Franc

1 BTN = 5.444 KMF

1 KMF = 0.184 BTN

Convert South Korean Won

1 BTN = 15.862 KRW

1 KRW = 0.063 BTN

Convert Albanian lek

1 BTN = 1.149 ALL

1 ALL = 0.871 BTN

Convert Bangladeshi Taka

1 BTN = 1.326 BDT

1 BDT = 0.754 BTN

Convert Aruban florin

1 BTN = 0.022 AWG

1 AWG = 45.976 BTN

Convert Brazilian Real

1 BTN = 0.060 BRL

1 BRL = 16.611 BTN

Convert Bitcoin Cash

1 BTN = 0.000 BCH

1 BCH = 35396.493 BTN

Convert Bitcoin

1 BTN = 0.000 BTC

1 BTC = 5911214.286 BTN

Convert Arab Emirates Dirham

1 BTN = 0.044 AED

1 AED = 22.532 BTN

Convert Angolan kwanza

1 BTN = 10.079 AOA

1 AOA = 0.099 BTN

Convert Bahamian dollar

1 BTN = 0.012 BSD

1 BSD = 82.757 BTN

Convert Chilean Peso

1 BTN = 11.644 CLP

1 CLP = 0.086 BTN

Convert Belarusian ruble

1 BTN = 0.040 BYN

1 BYN = 25.298 BTN

Convert Colombian Peso

1 BTN = 47.279 COP

1 COP = 0.021 BTN

Convert Cuban peso

1 BTN = 0.311 CUP

1 CUP = 3.214 BTN

Convert Ethereum

1 BTN = 0.000 ETH

1 ETH = 332357.430 BTN

Convert Euro

1 BTN = 0.011 EUR

1 EUR = 90.297 BTN

Convert Honduran lempira

1 BTN = 0.298 HNL

1 HNL = 3.352 BTN

Convert Gambian dalasi

1 BTN = 0.821 GMD

1 GMD = 1.217 BTN

Convert Gibraltar pound

1 BTN = 0.009 GIP

1 GIP = 105.609 BTN

Convert Haitian gourde

1 BTN = 1.602 HTG

1 HTG = 0.624 BTN

Convert Jordanian dinar

1 BTN = 0.009 JOD

1 JOD = 116.740 BTN

Convert Japanese Yen

1 BTN = 1.786 JPY

1 JPY = 0.560 BTN

Convert Afghan afghani

1 BTN = 0.857 AFN

1 AFN = 1.167 BTN

Convert Barbadian dollar

1 BTN = 0.024 BBD

1 BBD = 41.379 BTN

Convert Bermudian dollar

1 BTN = 0.012 BMD

1 BMD = 82.757 BTN

Convert Armenian dram

1 BTN = 4.866 AMD

1 AMD = 0.206 BTN

Convert Swiss franc

1 BTN = 0.011 CHF

1 CHF = 94.164 BTN

Convert Djiboutian franc

1 BTN = 2.151 DJF

1 DJF = 0.465 BTN

Convert Dominican Peso

1 BTN = 0.714 DOP

1 DOP = 1.401 BTN

Convert Cape Verdean escudo

1 BTN = 1.218 CVE

1 CVE = 0.821 BTN

Convert Georgian Lari

1 BTN = 0.032 GEL

1 GEL = 31.170 BTN

Convert Ghana Cedi

1 BTN = 0.155 GHS

1 GHS = 6.457 BTN

Convert Guyanese dollar

1 BTN = 2.530 GYD

1 GYD = 0.395 BTN

Convert Israeli Sheqel

1 BTN = 0.044 ILS

1 ILS = 22.619 BTN

Convert Indian Rupee

1 BTN = 1.000 INR

1 INR = 1.000 BTN

Convert Icelandic Krona

1 BTN = 1.647 ISK

1 ISK = 0.607 BTN

Convert Cambodian Riel

1 BTN = 48.925 KHR

1 KHR = 0.020 BTN

Convert Kenyan shilling

1 BTN = 1.680 KES

1 KES = 0.595 BTN

Convert Kuwaiti Dinar

1 BTN = 0.004 KWD

1 KWD = 269.400 BTN

Convert Kazakhstani tenge

1 BTN = 5.421 KZT

1 KZT = 0.184 BTN

Convert Sri Lankan rupee

1 BTN = 3.711 LKR

1 LKR = 0.269 BTN

Convert Moroccan dirham

1 BTN = 0.121 MAD

1 MAD = 8.248 BTN

Convert Burmese kyat

1 BTN = 25.370 MMK

1 MMK = 0.039 BTN

Convert Mongolian Tugrik

1 BTN = 41.688 MNT

1 MNT = 0.024 BTN

Convert Mauritian Rupee

1 BTN = 0.553 MUR

1 MUR = 1.807 BTN

Convert Mauritanian ouguiya

1 BTN = 4.804 MRO

1 MRO = 0.208 BTN

Convert Maldivian rufiyaa

1 BTN = 0.186 MVR

1 MVR = 5.374 BTN

Convert Malawian kwacha

1 BTN = 20.335 MWK

1 MWK = 0.049 BTN

Convert New Zealand Dollar

1 BTN = 0.020 NZD

1 NZD = 50.865 BTN

Convert Nepalese rupee

1 BTN = 1.600 NPR

1 NPR = 0.625 BTN

Convert Philippine peso

1 BTN = 0.670 PHP

1 PHP = 1.493 BTN

Convert Pakistani rupee

1 BTN = 3.372 PKR

1 PKR = 0.297 BTN

Convert Rwandan franc

1 BTN = 15.505 RWF

1 RWF = 0.064 BTN

Convert Litecoin

1 BTN = 0.000 LTC

1 LTC = 8033.100 BTN

Convert Mexican peso

1 BTN = 0.203 MXN

1 MXN = 4.916 BTN

Convert Nicaraguan córdoba

1 BTN = 0.445 NIO

1 NIO = 2.249 BTN

Convert Romanian leu

1 BTN = 0.055 RON

1 RON = 18.178 BTN

Convert North Korean won

1 BTN = 10.875 KPW

1 KPW = 0.092 BTN

Convert Cayman Islands dollar

1 BTN = 0.010 KYD

1 KYD = 99.327 BTN

Convert Lebanese pound

1 BTN = 1081.805 LBP

1 LBP = 0.001 BTN

Convert Libyan dinar

1 BTN = 0.058 LYD

1 LYD = 17.223 BTN

Convert Lao kip

1 BTN = 252.119 LAK

1 LAK = 0.004 BTN

Convert Malagasy Ariary

1 BTN = 54.372 MGA

1 MGA = 0.018 BTN

Convert Liberian dollar

1 BTN = 2.315 LRD

1 LRD = 0.432 BTN

Convert Macedonian Denar

1 BTN = 0.682 MKD

1 MKD = 1.466 BTN

Convert Lesotho loti

1 BTN = 0.224 LSL

1 LSL = 4.456 BTN

Convert Macanese pataca

1 BTN = 0.097 MOP

1 MOP = 10.273 BTN

Convert Moldovan Leu

1 BTN = 0.212 MDL

1 MDL = 4.715 BTN

Convert Namibian dollar

1 BTN = 0.224 NAD

1 NAD = 4.456 BTN

Convert Malaysian ringgit

1 BTN = 0.057 MYR

1 MYR = 17.693 BTN

Convert Omani rial

1 BTN = 0.005 OMR

1 OMR = 214.970 BTN

Convert Nigerian Naira

1 BTN = 19.034 NGN

1 NGN = 0.053 BTN

Convert Papua New Guinean Kina

1 BTN = 0.046 PGK

1 PGK = 21.673 BTN

Convert Panamanian Balboa

1 BTN = 0.012 PAB

1 PAB = 82.757 BTN

Convert Peruvian sol

1 BTN = 0.045 PEN

1 PEN = 22.429 BTN

Convert Norwegian krone

1 BTN = 0.127 NOK

1 NOK = 7.868 BTN

Convert Polish Zloty

1 BTN = 0.047 PLN

1 PLN = 21.053 BTN

Convert Paraguayan Guaraní

1 BTN = 88.071 PYG

1 PYG = 0.011 BTN

Convert Qatari Rial

1 BTN = 0.044 QAR

1 QAR = 22.698 BTN

Convert Solomon Islands Dollar

1 BTN = 0.102 SBD

1 SBD = 9.810 BTN

Convert Saudi riyal

1 BTN = 0.045 SAR

1 SAR = 22.065 BTN

Convert Singapore dollar

1 BTN = 0.016 SGD

1 SGD = 62.088 BTN

Convert Sierra Leonean leone

1 BTN = 253.386 SLL

1 SLL = 0.004 BTN

Convert Thai baht

1 BTN = 0.432 THB

1 THB = 2.316 BTN

Convert Taiwan dollar

1 BTN = 0.380 TWD

1 TWD = 2.630 BTN

Convert Ukrainian hryvnia

1 BTN = 0.465 UAH

1 UAH = 2.150 BTN

Convert Ugandan Shilling

1 BTN = 47.211 UGX

1 UGX = 0.021 BTN

Convert Surinamese dollar

1 BTN = 0.427 SRD

1 SRD = 2.340 BTN

Convert São Tomé and Príncipe dobra

1 BTN = 269.244 STD

1 STD = 0.004 BTN

Convert Turkish Lira

1 BTN = 0.387 TRY

1 TRY = 2.582 BTN

Convert Trinidad & Tobago Dollar

1 BTN = 0.082 TTD

1 TTD = 12.183 BTN

Convert Tongan paʻanga

1 BTN = 0.029 TOP

1 TOP = 35.049 BTN

Convert Uzbekistani som

1 BTN = 151.416 UZS

1 UZS = 0.007 BTN

Convert Yemeni Rial

1 BTN = 3.025 YER

1 YER = 0.331 BTN

Convert South African rand

1 BTN = 0.226 ZAR

1 ZAR = 4.421 BTN

Convert Serbian Dinar

1 BTN = 1.298 RSD

1 RSD = 0.770 BTN

Convert Russian ruble

1 BTN = 1.104 RUB

1 RUB = 0.906 BTN

Convert Somali shilling

1 BTN = 6.904 SOS

1 SOS = 0.145 BTN

Convert Salvadoran Colón

1 BTN = 0.106 SVC

1 SVC = 9.460 BTN

Convert Syrian Pound

1 BTN = 30.360 SYP

1 SYP = 0.033 BTN

Convert Swazi lilangeni

1 BTN = 0.224 SZL

1 SZL = 4.458 BTN

Convert Tunisian dinar

1 BTN = 0.037 TND

1 TND = 26.726 BTN

Convert Uruguayan peso

1 BTN = 0.469 UYU

1 UYU = 2.131 BTN

Convert Vietnamese dong

1 BTN = 297.882 VND

1 VND = 0.003 BTN

Convert Vanuatu vatu

1 BTN = 1.435 VUV

1 VUV = 0.697 BTN

Convert Samoan Tala

1 BTN = 0.034 WST

1 WST = 29.556 BTN

Convert CFA franc

1 BTN = 7.264 XAF

1 XAF = 0.138 BTN

Convert East Caribbean dollar

1 BTN = 0.033 XCD

1 XCD = 30.621 BTN

Convert Seychellois Rupee

1 BTN = 0.162 SCR

1 SCR = 6.162 BTN

Convert Swedish krona

1 BTN = 0.124 SEK

1 SEK = 8.072 BTN

Convert Saint Helena pound

1 BTN = 0.009 SHP

1 SHP = 105.609 BTN

Convert Tanzanian Shilling

1 BTN = 30.805 TZS

1 TZS = 0.032 BTN

Convert United States dollar

1 BTN = 0.012 USD

1 USD = 82.757 BTN

Convert CFP franc

1 BTN = 1.322 XPF

1 XPF = 0.757 BTN

Convert West African CFA franc

1 BTN = 7.264 XOF

1 XOF = 0.138 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.