Currencies.Zone

Bhutanese ngultrum

The Bhutanese ngultrum is the currency of Bhutan (BT)

Convert Australian dollar

1 BTN = 0.018 AUD

1 AUD = 57.043 BTN

Convert Argentine peso

1 BTN = 15.171 ARS

1 ARS = 0.066 BTN

Convert Burundian Franc

1 BTN = 33.891 BIF

1 BIF = 0.030 BTN

Convert Bahraini dinar

1 BTN = 0.004 BHD

1 BHD = 233.420 BTN

Convert Bolivian boliviano

1 BTN = 0.078 BOB

1 BOB = 12.878 BTN

Convert Azerbaijani manat

1 BTN = 0.019 AZN

1 AZN = 51.627 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 = 0.240 CZK

1 CZK = 4.164 BTN

Convert Chinese Yuan Renminbi

1 BTN = 0.082 CNY

1 CNY = 12.219 BTN

Convert Danish Krone

1 BTN = 0.073 DKK

1 DKK = 13.710 BTN

Convert Ethiopian birr

1 BTN = 1.577 ETB

1 ETB = 0.634 BTN

Convert Guinean franc

1 BTN = 98.745 GNF

1 GNF = 0.010 BTN

Convert Croatian kuna

1 BTN = 0.074 HRK

1 HRK = 13.582 BTN

Convert Indonesian Rupiah

1 BTN = 186.401 IDR

1 IDR = 0.005 BTN

Convert Jamaican Dollar

1 BTN = 1.817 JMD

1 JMD = 0.550 BTN

Convert Kyrgyzstani som

1 BTN = 0.997 KGS

1 KGS = 1.003 BTN

Convert Convertible Mark

1 BTN = 0.019 BAM

1 BAM = 52.320 BTN

Convert Netherlands Antillean guilder

1 BTN = 0.020 ANG

1 ANG = 49.368 BTN

Convert Botswana pula

1 BTN = 0.162 BWP

1 BWP = 6.163 BTN

Convert Brunei dollar

1 BTN = 0.015 BND

1 BND = 68.279 BTN

Convert Congolese franc

1 BTN = 33.179 CDF

1 CDF = 0.030 BTN

Convert Belize dollar

1 BTN = 0.023 BZD

1 BZD = 43.918 BTN

Convert Belarusian Ruble

1 BTN = 376.000 BYR

1 BYR = 0.003 BTN

Convert Bulgarian lev

1 BTN = 0.019 BGN

1 BGN = 52.320 BTN

Convert Canadian dollar

1 BTN = 0.016 CAD

1 CAD = 63.867 BTN

Convert Algerian dinar

1 BTN = 1.483 DZD

1 DZD = 0.674 BTN

Convert Eritrean nakfa

1 BTN = 0.171 ERN

1 ERN = 5.851 BTN

Convert Egyptian Pound

1 BTN = 0.552 EGP

1 EGP = 1.811 BTN

Convert Fijian Dollar

1 BTN = 0.026 FJD

1 FJD = 38.871 BTN

Convert Pound sterling

1 BTN = 0.009 GBP

1 GBP = 117.207 BTN

Convert Falkland Islands pound

1 BTN = 0.009 FKP

1 FKP = 117.207 BTN

Convert Guatemalan quetzal

1 BTN = 0.087 GTQ

1 GTQ = 11.496 BTN

Convert Hong Kong dollar

1 BTN = 0.089 HKD

1 HKD = 11.181 BTN

Convert Hungarian forint

1 BTN = 3.887 HUF

1 HUF = 0.257 BTN

Convert Iraqi dinar

1 BTN = 14.908 IQD

1 IQD = 0.067 BTN

Convert Iranian Rial

1 BTN = 480.161 IRR

1 IRR = 0.002 BTN

Convert Comorian Franc

1 BTN = 4.808 KMF

1 KMF = 0.208 BTN

Convert South Korean Won

1 BTN = 15.789 KRW

1 KRW = 0.063 BTN

Convert Albanian lek

1 BTN = 0.952 ALL

1 ALL = 1.051 BTN

Convert Bangladeshi Taka

1 BTN = 1.386 BDT

1 BDT = 0.722 BTN

Convert Aruban florin

1 BTN = 0.020 AWG

1 AWG = 49.031 BTN

Convert Brazilian Real

1 BTN = 0.062 BRL

1 BRL = 16.076 BTN

Convert Bitcoin Cash

1 BTN = 0.000 BCH

1 BCH = 50180.675 BTN

Convert Bitcoin

1 BTN = 0.000 BTC

1 BTC = 9751777.778 BTN

Convert Arab Emirates Dirham

1 BTN = 0.042 AED

1 AED = 23.898 BTN

Convert Angolan kwanza

1 BTN = 10.448 AOA

1 AOA = 0.096 BTN

Convert Bahamian dollar

1 BTN = 0.011 BSD

1 BSD = 87.766 BTN

Convert Chilean Peso

1 BTN = 11.107 CLP

1 CLP = 0.090 BTN

Convert Belarusian ruble

1 BTN = 0.038 BYN

1 BYN = 26.596 BTN

Convert Colombian Peso

1 BTN = 46.120 COP

1 COP = 0.022 BTN

Convert Cuban peso

1 BTN = 0.270 CUP

1 CUP = 3.703 BTN

Convert Ethereum

1 BTN = 0.000 ETH

1 ETH = 321487.179 BTN

Convert Euro

1 BTN = 0.010 EUR

1 EUR = 102.331 BTN

Convert Honduran lempira

1 BTN = 0.299 HNL

1 HNL = 3.346 BTN

Convert Gambian dalasi

1 BTN = 0.828 GMD

1 GMD = 1.208 BTN

Convert Gibraltar pound

1 BTN = 0.009 GIP

1 GIP = 117.207 BTN

Convert Haitian gourde

1 BTN = 1.471 HTG

1 HTG = 0.680 BTN

Convert Jordanian dinar

1 BTN = 0.008 JOD

1 JOD = 123.788 BTN

Convert Japanese Yen

1 BTN = 1.678 JPY

1 JPY = 0.596 BTN

Convert Afghan afghani

1 BTN = 0.789 AFN

1 AFN = 1.267 BTN

Convert Barbadian dollar

1 BTN = 0.023 BBD

1 BBD = 43.883 BTN

Convert Bermudian dollar

1 BTN = 0.011 BMD

1 BMD = 87.766 BTN

Convert Armenian dram

1 BTN = 4.375 AMD

1 AMD = 0.229 BTN

Convert Swiss franc

1 BTN = 0.009 CHF

1 CHF = 108.834 BTN

Convert Djiboutian franc

1 BTN = 2.027 DJF

1 DJF = 0.493 BTN

Convert Dominican Peso

1 BTN = 0.694 DOP

1 DOP = 1.442 BTN

Convert Cape Verdean escudo

1 BTN = 1.078 CVE

1 CVE = 0.928 BTN

Convert Georgian Lari

1 BTN = 0.031 GEL

1 GEL = 32.524 BTN

Convert Ghana Cedi

1 BTN = 0.120 GHS

1 GHS = 8.301 BTN

Convert Guyanese dollar

1 BTN = 2.384 GYD

1 GYD = 0.419 BTN

Convert Israeli Sheqel

1 BTN = 0.039 ILS

1 ILS = 25.527 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 = 45.563 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 = 287.268 BTN

Convert Kazakhstani tenge

1 BTN = 6.124 KZT

1 KZT = 0.163 BTN

Convert Sri Lankan rupee

1 BTN = 3.408 LKR

1 LKR = 0.293 BTN

Convert Moroccan dirham

1 BTN = 0.103 MAD

1 MAD = 9.685 BTN

Convert Burmese kyat

1 BTN = 23.912 MMK

1 MMK = 0.042 BTN

Convert Mongolian Tugrik

1 BTN = 40.898 MNT

1 MNT = 0.024 BTN

Convert Mauritian Rupee

1 BTN = 0.520 MUR

1 MUR = 1.924 BTN

Convert Mauritanian ouguiya

1 BTN = 4.542 MRO

1 MRO = 0.220 BTN

Convert Maldivian rufiyaa

1 BTN = 0.176 MVR

1 MVR = 5.684 BTN

Convert Malawian kwacha

1 BTN = 19.755 MWK

1 MWK = 0.051 BTN

Convert New Zealand Dollar

1 BTN = 0.019 NZD

1 NZD = 52.016 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 = 3.230 PKR

1 PKR = 0.310 BTN

Convert Rwandan franc

1 BTN = 16.443 RWF

1 RWF = 0.061 BTN

Convert Litecoin

1 BTN = 0.000 LTC

1 LTC = 10468.273 BTN

Convert Mexican peso

1 BTN = 0.212 MXN

1 MXN = 4.717 BTN

Convert Nicaraguan córdoba

1 BTN = 0.419 NIO

1 NIO = 2.388 BTN

Convert Romanian leu

1 BTN = 0.050 RON

1 RON = 20.160 BTN

Convert North Korean won

1 BTN = 10.254 KPW

1 KPW = 0.098 BTN

Convert Cayman Islands dollar

1 BTN = 0.009 KYD

1 KYD = 105.554 BTN

Convert Lebanese pound

1 BTN = 1022.124 LBP

1 LBP = 0.001 BTN

Convert Libyan dinar

1 BTN = 0.062 LYD

1 LYD = 16.133 BTN

Convert Lao kip

1 BTN = 245.578 LAK

1 LAK = 0.004 BTN

Convert Malagasy Ariary

1 BTN = 50.264 MGA

1 MGA = 0.020 BTN

Convert Liberian dollar

1 BTN = 2.286 LRD

1 LRD = 0.437 BTN

Convert Macedonian Denar

1 BTN = 0.603 MKD

1 MKD = 1.658 BTN

Convert Lesotho loti

1 BTN = 0.203 LSL

1 LSL = 4.933 BTN

Convert Macanese pataca

1 BTN = 0.092 MOP

1 MOP = 10.856 BTN

Convert Moldovan Leu

1 BTN = 0.194 MDL

1 MDL = 5.165 BTN

Convert Namibian dollar

1 BTN = 0.203 NAD

1 NAD = 4.933 BTN

Convert Malaysian ringgit

1 BTN = 0.048 MYR

1 MYR = 20.783 BTN

Convert Omani rial

1 BTN = 0.004 OMR

1 OMR = 228.035 BTN

Convert Nigerian Naira

1 BTN = 17.430 NGN

1 NGN = 0.057 BTN

Convert Papua New Guinean Kina

1 BTN = 0.048 PGK

1 PGK = 20.856 BTN

Convert Panamanian Balboa

1 BTN = 0.011 PAB

1 PAB = 87.766 BTN

Convert Peruvian sol

1 BTN = 0.041 PEN

1 PEN = 24.676 BTN

Convert Norwegian krone

1 BTN = 0.116 NOK

1 NOK = 8.615 BTN

Convert Polish Zloty

1 BTN = 0.042 PLN

1 PLN = 23.942 BTN

Convert Paraguayan Guaraní

1 BTN = 84.213 PYG

1 PYG = 0.012 BTN

Convert Qatari Rial

1 BTN = 0.041 QAR

1 QAR = 24.112 BTN

Convert Solomon Islands Dollar

1 BTN = 0.096 SBD

1 SBD = 10.440 BTN

Convert Saudi riyal

1 BTN = 0.043 SAR

1 SAR = 23.404 BTN

Convert Singapore dollar

1 BTN = 0.015 SGD

1 SGD = 68.279 BTN

Convert Sierra Leonean leone

1 BTN = 263.200 SLL

1 SLL = 0.004 BTN

Convert Thai baht

1 BTN = 0.369 THB

1 THB = 2.713 BTN

Convert Taiwan dollar

1 BTN = 0.341 TWD

1 TWD = 2.932 BTN

Convert Ukrainian hryvnia

1 BTN = 0.473 UAH

1 UAH = 2.113 BTN

Convert Ugandan Shilling

1 BTN = 40.645 UGX

1 UGX = 0.025 BTN

Convert Surinamese dollar

1 BTN = 0.423 SRD

1 SRD = 2.367 BTN

Convert São Tomé and Príncipe dobra

1 BTN = 242.636 STD

1 STD = 0.004 BTN

Convert Turkish Lira

1 BTN = 0.463 TRY

1 TRY = 2.158 BTN

Convert Trinidad & Tobago Dollar

1 BTN = 0.077 TTD

1 TTD = 13.032 BTN

Convert Tongan paʻanga

1 BTN = 0.027 TOP

1 TOP = 36.644 BTN

Convert Uzbekistani som

1 BTN = 142.869 UZS

1 UZS = 0.007 BTN

Convert Yemeni Rial

1 BTN = 2.739 YER

1 YER = 0.365 BTN

Convert South African rand

1 BTN = 0.203 ZAR

1 ZAR = 4.933 BTN

Convert Serbian Dinar

1 BTN = 1.145 RSD

1 RSD = 0.873 BTN

Convert Russian ruble

1 BTN = 0.912 RUB

1 RUB = 1.097 BTN

Convert Somali shilling

1 BTN = 6.419 SOS

1 SOS = 0.156 BTN

Convert Salvadoran Colón

1 BTN = 0.100 SVC

1 SVC = 10.030 BTN

Convert Syrian Pound

1 BTN = 148.144 SYP

1 SYP = 0.007 BTN

Convert Swazi lilangeni

1 BTN = 0.203 SZL

1 SZL = 4.933 BTN

Convert Tunisian dinar

1 BTN = 0.033 TND

1 TND = 30.399 BTN

Convert Uruguayan peso

1 BTN = 0.457 UYU

1 UYU = 2.186 BTN

Convert Vietnamese dong

1 BTN = 298.804 VND

1 VND = 0.003 BTN

Convert Vanuatu vatu

1 BTN = 1.371 VUV

1 VUV = 0.729 BTN

Convert Samoan Tala

1 BTN = 0.031 WST

1 WST = 31.820 BTN

Convert CFA franc

1 BTN = 6.410 XAF

1 XAF = 0.156 BTN

Convert East Caribbean dollar

1 BTN = 0.031 XCD

1 XCD = 32.421 BTN

Convert Seychellois Rupee

1 BTN = 0.167 SCR

1 SCR = 5.997 BTN

Convert Swedish krona

1 BTN = 0.109 SEK

1 SEK = 9.136 BTN

Convert Saint Helena pound

1 BTN = 0.009 SHP

1 SHP = 117.207 BTN

Convert Tanzanian Shilling

1 BTN = 28.164 TZS

1 TZS = 0.036 BTN

Convert United States dollar

1 BTN = 0.011 USD

1 USD = 87.766 BTN

Convert CFP franc

1 BTN = 1.166 XPF

1 XPF = 0.858 BTN

Convert West African CFA franc

1 BTN = 6.410 XOF

1 XOF = 0.156 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.