Currencies.Zone

Bhutanese ngultrum

The Bhutanese ngultrum is the currency of Bhutan (BT)

Convert Australian dollar

1 BTN = 0.018 AUD

1 AUD = 56.478 BTN

Convert Argentine peso

1 BTN = 15.613 ARS

1 ARS = 0.064 BTN

Convert Burundian Franc

1 BTN = 33.673 BIF

1 BIF = 0.030 BTN

Convert Bahraini dinar

1 BTN = 0.004 BHD

1 BHD = 232.072 BTN

Convert Bolivian boliviano

1 BTN = 0.079 BOB

1 BOB = 12.611 BTN

Convert Azerbaijani manat

1 BTN = 0.019 AZN

1 AZN = 51.329 BTN

Convert Bhutanese ngultrum

1 BTN = 1.000 BTN

1 BTN = 1.000 BTN

Convert Costa Rican colón

1 BTN = 5.799 CRC

1 CRC = 0.172 BTN

Convert Czech koruna

1 BTN = 0.243 CZK

1 CZK = 4.115 BTN

Convert Chinese Yuan Renminbi

1 BTN = 0.083 CNY

1 CNY = 12.099 BTN

Convert Danish Krone

1 BTN = 0.074 DKK

1 DKK = 13.546 BTN

Convert Ethiopian birr

1 BTN = 1.583 ETB

1 ETB = 0.632 BTN

Convert Guinean franc

1 BTN = 99.464 GNF

1 GNF = 0.010 BTN

Convert Croatian kuna

1 BTN = 0.074 HRK

1 HRK = 13.425 BTN

Convert Indonesian Rupiah

1 BTN = 188.549 IDR

1 IDR = 0.005 BTN

Convert Jamaican Dollar

1 BTN = 1.836 JMD

1 JMD = 0.545 BTN

Convert Kyrgyzstani som

1 BTN = 1.002 KGS

1 KGS = 0.998 BTN

Convert Convertible Mark

1 BTN = 0.019 BAM

1 BAM = 51.718 BTN

Convert Netherlands Antillean guilder

1 BTN = 0.021 ANG

1 ANG = 48.558 BTN

Convert Botswana pula

1 BTN = 0.152 BWP

1 BWP = 6.581 BTN

Convert Brunei dollar

1 BTN = 0.015 BND

1 BND = 67.685 BTN

Convert Congolese franc

1 BTN = 33.033 CDF

1 CDF = 0.030 BTN

Convert Belize dollar

1 BTN = 0.023 BZD

1 BZD = 43.318 BTN

Convert Belarusian Ruble

1 BTN = 375.892 BYR

1 BYR = 0.003 BTN

Convert Bulgarian lev

1 BTN = 0.019 BGN

1 BGN = 51.718 BTN

Convert Canadian dollar

1 BTN = 0.016 CAD

1 CAD = 63.268 BTN

Convert Algerian dinar

1 BTN = 1.504 DZD

1 DZD = 0.665 BTN

Convert Eritrean nakfa

1 BTN = 0.172 ERN

1 ERN = 5.817 BTN

Convert Egyptian Pound

1 BTN = 0.557 EGP

1 EGP = 1.794 BTN

Convert Fijian Dollar

1 BTN = 0.026 FJD

1 FJD = 38.240 BTN

Convert Pound sterling

1 BTN = 0.009 GBP

1 GBP = 115.828 BTN

Convert Falkland Islands pound

1 BTN = 0.009 FKP

1 FKP = 115.828 BTN

Convert Guatemalan quetzal

1 BTN = 0.088 GTQ

1 GTQ = 11.379 BTN

Convert Hong Kong dollar

1 BTN = 0.090 HKD

1 HKD = 11.117 BTN

Convert Hungarian forint

1 BTN = 3.943 HUF

1 HUF = 0.254 BTN

Convert Iraqi dinar

1 BTN = 15.013 IQD

1 IQD = 0.067 BTN

Convert Iranian Rial

1 BTN = 481.356 IRR

1 IRR = 0.002 BTN

Convert Comorian Franc

1 BTN = 4.864 KMF

1 KMF = 0.206 BTN

Convert South Korean Won

1 BTN = 15.900 KRW

1 KRW = 0.063 BTN

Convert Albanian lek

1 BTN = 0.968 ALL

1 ALL = 1.034 BTN

Convert Bangladeshi Taka

1 BTN = 1.402 BDT

1 BDT = 0.713 BTN

Convert Aruban florin

1 BTN = 0.021 AWG

1 AWG = 48.748 BTN

Convert Brazilian Real

1 BTN = 0.064 BRL

1 BRL = 15.730 BTN

Convert Bitcoin Cash

1 BTN = 0.000 BCH

1 BCH = 46168.783 BTN

Convert Bitcoin

1 BTN = 0.000 BTC

1 BTC = 9695444.444 BTN

Convert Arab Emirates Dirham

1 BTN = 0.042 AED

1 AED = 23.760 BTN

Convert Angolan kwanza

1 BTN = 10.451 AOA

1 AOA = 0.096 BTN

Convert Bahamian dollar

1 BTN = 0.011 BSD

1 BSD = 87.259 BTN

Convert Chilean Peso

1 BTN = 11.108 CLP

1 CLP = 0.090 BTN

Convert Belarusian ruble

1 BTN = 0.038 BYN

1 BYN = 26.603 BTN

Convert Colombian Peso

1 BTN = 47.282 COP

1 COP = 0.021 BTN

Convert Cuban peso

1 BTN = 0.274 CUP

1 CUP = 3.645 BTN

Convert Ethereum

1 BTN = 0.000 ETH

1 ETH = 300893.103 BTN

Convert Euro

1 BTN = 0.010 EUR

1 EUR = 101.151 BTN

Convert Honduran lempira

1 BTN = 0.300 HNL

1 HNL = 3.328 BTN

Convert Gambian dalasi

1 BTN = 0.833 GMD

1 GMD = 1.201 BTN

Convert Gibraltar pound

1 BTN = 0.009 GIP

1 GIP = 115.828 BTN

Convert Haitian gourde

1 BTN = 1.513 HTG

1 HTG = 0.661 BTN

Convert Jordanian dinar

1 BTN = 0.008 JOD

1 JOD = 123.073 BTN

Convert Japanese Yen

1 BTN = 1.690 JPY

1 JPY = 0.592 BTN

Convert Afghan afghani

1 BTN = 0.787 AFN

1 AFN = 1.271 BTN

Convert Barbadian dollar

1 BTN = 0.023 BBD

1 BBD = 43.630 BTN

Convert Bermudian dollar

1 BTN = 0.011 BMD

1 BMD = 87.259 BTN

Convert Armenian dram

1 BTN = 4.449 AMD

1 AMD = 0.225 BTN

Convert Swiss franc

1 BTN = 0.009 CHF

1 CHF = 108.523 BTN

Convert Djiboutian franc

1 BTN = 2.044 DJF

1 DJF = 0.489 BTN

Convert Dominican Peso

1 BTN = 0.696 DOP

1 DOP = 1.436 BTN

Convert Cape Verdean escudo

1 BTN = 1.090 CVE

1 CVE = 0.917 BTN

Convert Georgian Lari

1 BTN = 0.031 GEL

1 GEL = 32.258 BTN

Convert Ghana Cedi

1 BTN = 0.120 GHS

1 GHS = 8.316 BTN

Convert Guyanese dollar

1 BTN = 2.396 GYD

1 GYD = 0.417 BTN

Convert Israeli Sheqel

1 BTN = 0.039 ILS

1 ILS = 25.568 BTN

Convert Indian Rupee

1 BTN = 1.000 INR

1 INR = 1.000 BTN

Convert Icelandic Krona

1 BTN = 1.418 ISK

1 ISK = 0.705 BTN

Convert Cambodian Riel

1 BTN = 45.910 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 = 285.291 BTN

Convert Kazakhstani tenge

1 BTN = 6.224 KZT

1 KZT = 0.161 BTN

Convert Sri Lankan rupee

1 BTN = 3.453 LKR

1 LKR = 0.290 BTN

Convert Moroccan dirham

1 BTN = 0.104 MAD

1 MAD = 9.613 BTN

Convert Burmese kyat

1 BTN = 24.053 MMK

1 MMK = 0.042 BTN

Convert Mongolian Tugrik

1 BTN = 41.147 MNT

1 MNT = 0.024 BTN

Convert Mauritian Rupee

1 BTN = 0.535 MUR

1 MUR = 1.868 BTN

Convert Mauritanian ouguiya

1 BTN = 4.578 MRO

1 MRO = 0.218 BTN

Convert Maldivian rufiyaa

1 BTN = 0.177 MVR

1 MVR = 5.652 BTN

Convert Malawian kwacha

1 BTN = 19.883 MWK

1 MWK = 0.050 BTN

Convert New Zealand Dollar

1 BTN = 0.019 NZD

1 NZD = 51.623 BTN

Convert Nepalese rupee

1 BTN = 1.601 NPR

1 NPR = 0.625 BTN

Convert Philippine peso

1 BTN = 0.663 PHP

1 PHP = 1.507 BTN

Convert Pakistani rupee

1 BTN = 3.241 PKR

1 PKR = 0.309 BTN

Convert Rwandan franc

1 BTN = 16.546 RWF

1 RWF = 0.060 BTN

Convert Litecoin

1 BTN = 0.000 LTC

1 LTC = 9425.254 BTN

Convert Mexican peso

1 BTN = 0.216 MXN

1 MXN = 4.627 BTN

Convert Nicaraguan córdoba

1 BTN = 0.420 NIO

1 NIO = 2.382 BTN

Convert Romanian leu

1 BTN = 0.050 RON

1 RON = 19.930 BTN

Convert North Korean won

1 BTN = 10.314 KPW

1 KPW = 0.097 BTN

Convert Cayman Islands dollar

1 BTN = 0.009 KYD

1 KYD = 106.413 BTN

Convert Lebanese pound

1 BTN = 1033.176 LBP

1 LBP = 0.001 BTN

Convert Libyan dinar

1 BTN = 0.063 LYD

1 LYD = 15.994 BTN

Convert Lao kip

1 BTN = 247.383 LAK

1 LAK = 0.004 BTN

Convert Malagasy Ariary

1 BTN = 51.047 MGA

1 MGA = 0.020 BTN

Convert Liberian dollar

1 BTN = 2.301 LRD

1 LRD = 0.435 BTN

Convert Macedonian Denar

1 BTN = 0.604 MKD

1 MKD = 1.656 BTN

Convert Lesotho loti

1 BTN = 0.207 LSL

1 LSL = 4.819 BTN

Convert Macanese pataca

1 BTN = 0.093 MOP

1 MOP = 10.793 BTN

Convert Moldovan Leu

1 BTN = 0.197 MDL

1 MDL = 5.068 BTN

Convert Namibian dollar

1 BTN = 0.207 NAD

1 NAD = 4.819 BTN

Convert Malaysian ringgit

1 BTN = 0.049 MYR

1 MYR = 20.401 BTN

Convert Omani rial

1 BTN = 0.004 OMR

1 OMR = 226.670 BTN

Convert Nigerian Naira

1 BTN = 17.535 NGN

1 NGN = 0.057 BTN

Convert Papua New Guinean Kina

1 BTN = 0.047 PGK

1 PGK = 21.178 BTN

Convert Panamanian Balboa

1 BTN = 0.011 PAB

1 PAB = 87.259 BTN

Convert Peruvian sol

1 BTN = 0.041 PEN

1 PEN = 24.356 BTN

Convert Norwegian krone

1 BTN = 0.117 NOK

1 NOK = 8.525 BTN

Convert Polish Zloty

1 BTN = 0.042 PLN

1 PLN = 23.670 BTN

Convert Paraguayan Guaraní

1 BTN = 85.451 PYG

1 PYG = 0.012 BTN

Convert Qatari Rial

1 BTN = 0.042 QAR

1 QAR = 23.972 BTN

Convert Solomon Islands Dollar

1 BTN = 0.095 SBD

1 SBD = 10.558 BTN

Convert Saudi riyal

1 BTN = 0.043 SAR

1 SAR = 23.269 BTN

Convert Singapore dollar

1 BTN = 0.015 SGD

1 SGD = 67.685 BTN

Convert Sierra Leonean leone

1 BTN = 259.915 SLL

1 SLL = 0.004 BTN

Convert Thai baht

1 BTN = 0.374 THB

1 THB = 2.674 BTN

Convert Taiwan dollar

1 BTN = 0.341 TWD

1 TWD = 2.931 BTN

Convert Ukrainian hryvnia

1 BTN = 0.479 UAH

1 UAH = 2.090 BTN

Convert Ugandan Shilling

1 BTN = 41.053 UGX

1 UGX = 0.024 BTN

Convert Surinamese dollar

1 BTN = 0.420 SRD

1 SRD = 2.379 BTN

Convert São Tomé and Príncipe dobra

1 BTN = 244.119 STD

1 STD = 0.004 BTN

Convert Turkish Lira

1 BTN = 0.466 TRY

1 TRY = 2.147 BTN

Convert Trinidad & Tobago Dollar

1 BTN = 0.078 TTD

1 TTD = 12.892 BTN

Convert Tongan paʻanga

1 BTN = 0.027 TOP

1 TOP = 36.396 BTN

Convert Uzbekistani som

1 BTN = 145.549 UZS

1 UZS = 0.007 BTN

Convert Yemeni Rial

1 BTN = 2.757 YER

1 YER = 0.363 BTN

Convert South African rand

1 BTN = 0.207 ZAR

1 ZAR = 4.819 BTN

Convert Serbian Dinar

1 BTN = 1.159 RSD

1 RSD = 0.863 BTN

Convert Russian ruble

1 BTN = 0.917 RUB

1 RUB = 1.091 BTN

Convert Somali shilling

1 BTN = 6.549 SOS

1 SOS = 0.153 BTN

Convert Salvadoran Colón

1 BTN = 0.100 SVC

1 SVC = 9.972 BTN

Convert Syrian Pound

1 BTN = 149.004 SYP

1 SYP = 0.007 BTN

Convert Swazi lilangeni

1 BTN = 0.207 SZL

1 SZL = 4.819 BTN

Convert Tunisian dinar

1 BTN = 0.033 TND

1 TND = 30.105 BTN

Convert Uruguayan peso

1 BTN = 0.460 UYU

1 UYU = 2.172 BTN

Convert Vietnamese dong

1 BTN = 300.055 VND

1 VND = 0.003 BTN

Convert Vanuatu vatu

1 BTN = 1.382 VUV

1 VUV = 0.724 BTN

Convert Samoan Tala

1 BTN = 0.032 WST

1 WST = 31.439 BTN

Convert CFA franc

1 BTN = 6.485 XAF

1 XAF = 0.154 BTN

Convert East Caribbean dollar

1 BTN = 0.031 XCD

1 XCD = 32.317 BTN

Convert Seychellois Rupee

1 BTN = 0.169 SCR

1 SCR = 5.934 BTN

Convert Swedish krona

1 BTN = 0.111 SEK

1 SEK = 9.039 BTN

Convert Saint Helena pound

1 BTN = 0.009 SHP

1 SHP = 115.828 BTN

Convert Tanzanian Shilling

1 BTN = 29.078 TZS

1 TZS = 0.034 BTN

Convert United States dollar

1 BTN = 0.011 USD

1 USD = 87.259 BTN

Convert CFP franc

1 BTN = 1.180 XPF

1 XPF = 0.848 BTN

Convert West African CFA franc

1 BTN = 6.485 XOF

1 XOF = 0.154 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.