Currencies.Zone

Bhutanese ngultrum

The Bhutanese ngultrum is the currency of Bhutan (BT)

Convert Australian dollar

1 BTN = 0.018 AUD

1 AUD = 56.883 BTN

Convert Argentine peso

1 BTN = 15.462 ARS

1 ARS = 0.065 BTN

Convert Burundian Franc

1 BTN = 33.931 BIF

1 BIF = 0.029 BTN

Convert Bahraini dinar

1 BTN = 0.004 BHD

1 BHD = 233.237 BTN

Convert Bolivian boliviano

1 BTN = 0.079 BOB

1 BOB = 12.651 BTN

Convert Azerbaijani manat

1 BTN = 0.019 AZN

1 AZN = 51.586 BTN

Convert Bhutanese ngultrum

1 BTN = 1.000 BTN

1 BTN = 1.000 BTN

Convert Costa Rican colón

1 BTN = 5.747 CRC

1 CRC = 0.174 BTN

Convert Czech koruna

1 BTN = 0.241 CZK

1 CZK = 4.157 BTN

Convert Chinese Yuan Renminbi

1 BTN = 0.082 CNY

1 CNY = 12.249 BTN

Convert Danish Krone

1 BTN = 0.073 DKK

1 DKK = 13.652 BTN

Convert Ethiopian birr

1 BTN = 1.620 ETB

1 ETB = 0.617 BTN

Convert Guinean franc

1 BTN = 98.962 GNF

1 GNF = 0.010 BTN

Convert Croatian kuna

1 BTN = 0.074 HRK

1 HRK = 13.525 BTN

Convert Indonesian Rupiah

1 BTN = 186.429 IDR

1 IDR = 0.005 BTN

Convert Jamaican Dollar

1 BTN = 1.824 JMD

1 JMD = 0.548 BTN

Convert Kyrgyzstani som

1 BTN = 0.996 KGS

1 KGS = 1.004 BTN

Convert Convertible Mark

1 BTN = 0.019 BAM

1 BAM = 52.101 BTN

Convert Netherlands Antillean guilder

1 BTN = 0.021 ANG

1 ANG = 48.683 BTN

Convert Botswana pula

1 BTN = 0.155 BWP

1 BWP = 6.434 BTN

Convert Brunei dollar

1 BTN = 0.015 BND

1 BND = 68.109 BTN

Convert Congolese franc

1 BTN = 33.057 CDF

1 CDF = 0.030 BTN

Convert Belize dollar

1 BTN = 0.023 BZD

1 BZD = 43.531 BTN

Convert Belarusian Ruble

1 BTN = 387.132 BYR

1 BYR = 0.003 BTN

Convert Bulgarian lev

1 BTN = 0.019 BGN

1 BGN = 52.101 BTN

Convert Canadian dollar

1 BTN = 0.016 CAD

1 CAD = 63.360 BTN

Convert Algerian dinar

1 BTN = 1.482 DZD

1 DZD = 0.675 BTN

Convert Eritrean nakfa

1 BTN = 0.171 ERN

1 ERN = 5.846 BTN

Convert Egyptian Pound

1 BTN = 0.554 EGP

1 EGP = 1.805 BTN

Convert Fijian Dollar

1 BTN = 0.026 FJD

1 FJD = 38.696 BTN

Convert Pound sterling

1 BTN = 0.008 GBP

1 GBP = 118.002 BTN

Convert Falkland Islands pound

1 BTN = 0.008 FKP

1 FKP = 118.002 BTN

Convert Guatemalan quetzal

1 BTN = 0.087 GTQ

1 GTQ = 11.441 BTN

Convert Hong Kong dollar

1 BTN = 0.089 HKD

1 HKD = 11.274 BTN

Convert Hungarian forint

1 BTN = 3.887 HUF

1 HUF = 0.257 BTN

Convert Iraqi dinar

1 BTN = 14.945 IQD

1 IQD = 0.067 BTN

Convert Iranian Rial

1 BTN = 479.829 IRR

1 IRR = 0.002 BTN

Convert Comorian Franc

1 BTN = 4.828 KMF

1 KMF = 0.207 BTN

Convert South Korean Won

1 BTN = 15.915 KRW

1 KRW = 0.063 BTN

Convert Albanian lek

1 BTN = 0.956 ALL

1 ALL = 1.047 BTN

Convert Bangladeshi Taka

1 BTN = 1.390 BDT

1 BDT = 0.720 BTN

Convert Aruban florin

1 BTN = 0.020 AWG

1 AWG = 48.993 BTN

Convert Brazilian Real

1 BTN = 0.062 BRL

1 BRL = 16.145 BTN

Convert Bitcoin Cash

1 BTN = 0.000 BCH

1 BCH = 48829.065 BTN

Convert Bitcoin

1 BTN = 0.000 BTC

1 BTC = 9744111.111 BTN

Convert Arab Emirates Dirham

1 BTN = 0.042 AED

1 AED = 23.879 BTN

Convert Angolan kwanza

1 BTN = 10.427 AOA

1 AOA = 0.096 BTN

Convert Bahamian dollar

1 BTN = 0.011 BSD

1 BSD = 87.697 BTN

Convert Chilean Peso

1 BTN = 11.020 CLP

1 CLP = 0.091 BTN

Convert Belarusian ruble

1 BTN = 0.039 BYN

1 BYN = 25.831 BTN

Convert Colombian Peso

1 BTN = 46.215 COP

1 COP = 0.022 BTN

Convert Cuban peso

1 BTN = 0.274 CUP

1 CUP = 3.654 BTN

Convert Ethereum

1 BTN = 0.000 ETH

1 ETH = 406004.630 BTN

Convert Euro

1 BTN = 0.010 EUR

1 EUR = 101.903 BTN

Convert Honduran lempira

1 BTN = 0.299 HNL

1 HNL = 3.346 BTN

Convert Gambian dalasi

1 BTN = 0.824 GMD

1 GMD = 1.213 BTN

Convert Gibraltar pound

1 BTN = 0.008 GIP

1 GIP = 118.002 BTN

Convert Haitian gourde

1 BTN = 1.498 HTG

1 HTG = 0.668 BTN

Convert Jordanian dinar

1 BTN = 0.008 JOD

1 JOD = 123.691 BTN

Convert Japanese Yen

1 BTN = 1.686 JPY

1 JPY = 0.593 BTN

Convert Afghan afghani

1 BTN = 0.781 AFN

1 AFN = 1.280 BTN

Convert Barbadian dollar

1 BTN = 0.023 BBD

1 BBD = 43.849 BTN

Convert Bermudian dollar

1 BTN = 0.011 BMD

1 BMD = 87.697 BTN

Convert Armenian dram

1 BTN = 4.348 AMD

1 AMD = 0.230 BTN

Convert Swiss franc

1 BTN = 0.009 CHF

1 CHF = 108.921 BTN

Convert Djiboutian franc

1 BTN = 2.032 DJF

1 DJF = 0.492 BTN

Convert Dominican Peso

1 BTN = 0.716 DOP

1 DOP = 1.397 BTN

Convert Cape Verdean escudo

1 BTN = 1.082 CVE

1 CVE = 0.924 BTN

Convert Georgian Lari

1 BTN = 0.031 GEL

1 GEL = 32.523 BTN

Convert Ghana Cedi

1 BTN = 0.127 GHS

1 GHS = 7.895 BTN

Convert Guyanese dollar

1 BTN = 2.385 GYD

1 GYD = 0.419 BTN

Convert Israeli Sheqel

1 BTN = 0.038 ILS

1 ILS = 26.195 BTN

Convert Indian Rupee

1 BTN = 1.000 INR

1 INR = 1.000 BTN

Convert Icelandic Krona

1 BTN = 1.405 ISK

1 ISK = 0.712 BTN

Convert Cambodian Riel

1 BTN = 45.681 KHR

1 KHR = 0.022 BTN

Convert Kenyan shilling

1 BTN = 1.474 KES

1 KES = 0.678 BTN

Convert Kuwaiti Dinar

1 BTN = 0.003 KWD

1 KWD = 286.816 BTN

Convert Kazakhstani tenge

1 BTN = 6.126 KZT

1 KZT = 0.163 BTN

Convert Sri Lankan rupee

1 BTN = 3.446 LKR

1 LKR = 0.290 BTN

Convert Moroccan dirham

1 BTN = 0.103 MAD

1 MAD = 9.703 BTN

Convert Burmese kyat

1 BTN = 23.940 MMK

1 MMK = 0.042 BTN

Convert Mongolian Tugrik

1 BTN = 41.022 MNT

1 MNT = 0.024 BTN

Convert Mauritian Rupee

1 BTN = 0.526 MUR

1 MUR = 1.901 BTN

Convert Mauritanian ouguiya

1 BTN = 4.543 MRO

1 MRO = 0.220 BTN

Convert Maldivian rufiyaa

1 BTN = 0.176 MVR

1 MVR = 5.681 BTN

Convert Malawian kwacha

1 BTN = 19.775 MWK

1 MWK = 0.051 BTN

Convert New Zealand Dollar

1 BTN = 0.020 NZD

1 NZD = 51.255 BTN

Convert Nepalese rupee

1 BTN = 1.601 NPR

1 NPR = 0.625 BTN

Convert Philippine peso

1 BTN = 0.652 PHP

1 PHP = 1.533 BTN

Convert Pakistani rupee

1 BTN = 3.231 PKR

1 PKR = 0.310 BTN

Convert Rwandan franc

1 BTN = 16.434 RWF

1 RWF = 0.061 BTN

Convert Litecoin

1 BTN = 0.000 LTC

1 LTC = 9992.821 BTN

Convert Mexican peso

1 BTN = 0.213 MXN

1 MXN = 4.693 BTN

Convert Nicaraguan córdoba

1 BTN = 0.419 NIO

1 NIO = 2.384 BTN

Convert Romanian leu

1 BTN = 0.050 RON

1 RON = 20.148 BTN

Convert North Korean won

1 BTN = 10.263 KPW

1 KPW = 0.097 BTN

Convert Cayman Islands dollar

1 BTN = 0.009 KYD

1 KYD = 105.772 BTN

Convert Lebanese pound

1 BTN = 1028.767 LBP

1 LBP = 0.001 BTN

Convert Libyan dinar

1 BTN = 0.062 LYD

1 LYD = 16.199 BTN

Convert Lao kip

1 BTN = 247.260 LAK

1 LAK = 0.004 BTN

Convert Malagasy Ariary

1 BTN = 50.621 MGA

1 MGA = 0.020 BTN

Convert Liberian dollar

1 BTN = 2.292 LRD

1 LRD = 0.436 BTN

Convert Macedonian Denar

1 BTN = 0.602 MKD

1 MKD = 1.660 BTN

Convert Lesotho loti

1 BTN = 0.201 LSL

1 LSL = 4.968 BTN

Convert Macanese pataca

1 BTN = 0.091 MOP

1 MOP = 10.946 BTN

Convert Moldovan Leu

1 BTN = 0.190 MDL

1 MDL = 5.258 BTN

Convert Namibian dollar

1 BTN = 0.201 NAD

1 NAD = 4.968 BTN

Convert Malaysian ringgit

1 BTN = 0.048 MYR

1 MYR = 20.738 BTN

Convert Omani rial

1 BTN = 0.004 OMR

1 OMR = 227.891 BTN

Convert Nigerian Naira

1 BTN = 17.496 NGN

1 NGN = 0.057 BTN

Convert Papua New Guinean Kina

1 BTN = 0.048 PGK

1 PGK = 20.773 BTN

Convert Panamanian Balboa

1 BTN = 0.011 PAB

1 PAB = 87.697 BTN

Convert Peruvian sol

1 BTN = 0.040 PEN

1 PEN = 24.770 BTN

Convert Norwegian krone

1 BTN = 0.116 NOK

1 NOK = 8.642 BTN

Convert Polish Zloty

1 BTN = 0.042 PLN

1 PLN = 23.916 BTN

Convert Paraguayan Guaraní

1 BTN = 82.660 PYG

1 PYG = 0.012 BTN

Convert Qatari Rial

1 BTN = 0.042 QAR

1 QAR = 24.093 BTN

Convert Solomon Islands Dollar

1 BTN = 0.097 SBD

1 SBD = 10.318 BTN

Convert Saudi riyal

1 BTN = 0.043 SAR

1 SAR = 23.386 BTN

Convert Singapore dollar

1 BTN = 0.015 SGD

1 SGD = 68.109 BTN

Convert Sierra Leonean leone

1 BTN = 259.358 SLL

1 SLL = 0.004 BTN

Convert Thai baht

1 BTN = 0.371 THB

1 THB = 2.698 BTN

Convert Taiwan dollar

1 BTN = 0.349 TWD

1 TWD = 2.866 BTN

Convert Ukrainian hryvnia

1 BTN = 0.472 UAH

1 UAH = 2.117 BTN

Convert Ugandan Shilling

1 BTN = 40.584 UGX

1 UGX = 0.025 BTN

Convert Surinamese dollar

1 BTN = 0.433 SRD

1 SRD = 2.312 BTN

Convert São Tomé and Príncipe dobra

1 BTN = 241.505 STD

1 STD = 0.004 BTN

Convert Turkish Lira

1 BTN = 0.468 TRY

1 TRY = 2.137 BTN

Convert Trinidad & Tobago Dollar

1 BTN = 0.077 TTD

1 TTD = 12.937 BTN

Convert Tongan paʻanga

1 BTN = 0.027 TOP

1 TOP = 36.664 BTN

Convert Uzbekistani som

1 BTN = 140.805 UZS

1 UZS = 0.007 BTN

Convert Yemeni Rial

1 BTN = 2.738 YER

1 YER = 0.365 BTN

Convert South African rand

1 BTN = 0.201 ZAR

1 ZAR = 4.968 BTN

Convert Serbian Dinar

1 BTN = 1.150 RSD

1 RSD = 0.870 BTN

Convert Russian ruble

1 BTN = 0.918 RUB

1 RUB = 1.089 BTN

Convert Somali shilling

1 BTN = 6.516 SOS

1 SOS = 0.153 BTN

Convert Salvadoran Colón

1 BTN = 0.100 SVC

1 SVC = 10.023 BTN

Convert Syrian Pound

1 BTN = 148.259 SYP

1 SYP = 0.007 BTN

Convert Swazi lilangeni

1 BTN = 0.201 SZL

1 SZL = 4.968 BTN

Convert Tunisian dinar

1 BTN = 0.033 TND

1 TND = 30.386 BTN

Convert Uruguayan peso

1 BTN = 0.456 UYU

1 UYU = 2.191 BTN

Convert Vietnamese dong

1 BTN = 299.902 VND

1 VND = 0.003 BTN

Convert Vanuatu vatu

1 BTN = 1.365 VUV

1 VUV = 0.732 BTN

Convert Samoan Tala

1 BTN = 0.031 WST

1 WST = 32.778 BTN

Convert CFA franc

1 BTN = 6.437 XAF

1 XAF = 0.155 BTN

Convert East Caribbean dollar

1 BTN = 0.031 XCD

1 XCD = 32.410 BTN

Convert Seychellois Rupee

1 BTN = 0.169 SCR

1 SCR = 5.913 BTN

Convert Swedish krona

1 BTN = 0.109 SEK

1 SEK = 9.155 BTN

Convert Saint Helena pound

1 BTN = 0.008 SHP

1 SHP = 118.002 BTN

Convert Tanzanian Shilling

1 BTN = 28.626 TZS

1 TZS = 0.035 BTN

Convert United States dollar

1 BTN = 0.011 USD

1 USD = 87.697 BTN

Convert CFP franc

1 BTN = 1.171 XPF

1 XPF = 0.854 BTN

Convert West African CFA franc

1 BTN = 6.437 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.