Currencies.Zone

Bhutanese ngultrum

The Bhutanese ngultrum is the currency of Bhutan (BT)

Convert Australian dollar

1 BTN = 0.018 AUD

1 AUD = 56.453 BTN

Convert Argentine peso

1 BTN = 15.627 ARS

1 ARS = 0.064 BTN

Convert Burundian Franc

1 BTN = 34.095 BIF

1 BIF = 0.029 BTN

Convert Bahraini dinar

1 BTN = 0.004 BHD

1 BHD = 232.064 BTN

Convert Bolivian boliviano

1 BTN = 0.079 BOB

1 BOB = 12.632 BTN

Convert Azerbaijani manat

1 BTN = 0.019 AZN

1 AZN = 51.327 BTN

Convert Bhutanese ngultrum

1 BTN = 1.000 BTN

1 BTN = 1.000 BTN

Convert Costa Rican colón

1 BTN = 5.791 CRC

1 CRC = 0.173 BTN

Convert Czech koruna

1 BTN = 0.243 CZK

1 CZK = 4.114 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 = 13.548 BTN

Convert Ethiopian birr

1 BTN = 1.584 ETB

1 ETB = 0.631 BTN

Convert Guinean franc

1 BTN = 99.481 GNF

1 GNF = 0.010 BTN

Convert Croatian kuna

1 BTN = 0.080 HRK

1 HRK = 12.429 BTN

Convert Indonesian Rupiah

1 BTN = 187.596 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 = 51.693 BTN

Convert Netherlands Antillean guilder

1 BTN = 0.021 ANG

1 ANG = 48.447 BTN

Convert Botswana pula

1 BTN = 0.161 BWP

1 BWP = 6.203 BTN

Convert Brunei dollar

1 BTN = 0.015 BND

1 BND = 67.693 BTN

Convert Congolese franc

1 BTN = 33.353 CDF

1 CDF = 0.030 BTN

Convert Belize dollar

1 BTN = 0.023 BZD

1 BZD = 43.358 BTN

Convert Belarusian Ruble

1 BTN = 372.729 BYR

1 BYR = 0.003 BTN

Convert Bulgarian lev

1 BTN = 0.019 BGN

1 BGN = 51.693 BTN

Convert Canadian dollar

1 BTN = 0.016 CAD

1 CAD = 63.288 BTN

Convert Algerian dinar

1 BTN = 1.502 DZD

1 DZD = 0.666 BTN

Convert Eritrean nakfa

1 BTN = 0.172 ERN

1 ERN = 5.817 BTN

Convert Egyptian Pound

1 BTN = 0.558 EGP

1 EGP = 1.793 BTN

Convert Fijian Dollar

1 BTN = 0.026 FJD

1 FJD = 38.569 BTN

Convert Pound sterling

1 BTN = 0.009 GBP

1 GBP = 115.871 BTN

Convert Falkland Islands pound

1 BTN = 0.009 FKP

1 FKP = 115.871 BTN

Convert Guatemalan quetzal

1 BTN = 0.088 GTQ

1 GTQ = 11.371 BTN

Convert Hong Kong dollar

1 BTN = 0.090 HKD

1 HKD = 11.116 BTN

Convert Hungarian forint

1 BTN = 3.941 HUF

1 HUF = 0.254 BTN

Convert Iraqi dinar

1 BTN = 15.012 IQD

1 IQD = 0.067 BTN

Convert Iranian Rial

1 BTN = 482.910 IRR

1 IRR = 0.002 BTN

Convert Comorian Franc

1 BTN = 4.866 KMF

1 KMF = 0.206 BTN

Convert South Korean Won

1 BTN = 15.913 KRW

1 KRW = 0.063 BTN

Convert Albanian lek

1 BTN = 0.964 ALL

1 ALL = 1.038 BTN

Convert Bangladeshi Taka

1 BTN = 1.401 BDT

1 BDT = 0.714 BTN

Convert Aruban florin

1 BTN = 0.021 AWG

1 AWG = 48.746 BTN

Convert Brazilian Real

1 BTN = 0.064 BRL

1 BRL = 15.743 BTN

Convert Bitcoin Cash

1 BTN = 0.000 BCH

1 BCH = 47318.926 BTN

Convert Bitcoin

1 BTN = 0.000 BTC

1 BTC = 9695122.222 BTN

Convert Arab Emirates Dirham

1 BTN = 0.042 AED

1 AED = 23.759 BTN

Convert Angolan kwanza

1 BTN = 10.515 AOA

1 AOA = 0.095 BTN

Convert Bahamian dollar

1 BTN = 0.011 BSD

1 BSD = 87.256 BTN

Convert Chilean Peso

1 BTN = 11.109 CLP

1 CLP = 0.090 BTN

Convert Belarusian ruble

1 BTN = 0.038 BYN

1 BYN = 26.602 BTN

Convert Colombian Peso

1 BTN = 47.284 COP

1 COP = 0.021 BTN

Convert Cuban peso

1 BTN = 0.275 CUP

1 CUP = 3.640 BTN

Convert Ethereum

1 BTN = 0.000 ETH

1 ETH = 304028.223 BTN

Convert Euro

1 BTN = 0.010 EUR

1 EUR = 101.103 BTN

Convert Honduran lempira

1 BTN = 0.301 HNL

1 HNL = 3.323 BTN

Convert Gambian dalasi

1 BTN = 0.832 GMD

1 GMD = 1.202 BTN

Convert Gibraltar pound

1 BTN = 0.009 GIP

1 GIP = 115.871 BTN

Convert Haitian gourde

1 BTN = 1.502 HTG

1 HTG = 0.666 BTN

Convert Jordanian dinar

1 BTN = 0.008 JOD

1 JOD = 123.069 BTN

Convert Japanese Yen

1 BTN = 1.689 JPY

1 JPY = 0.592 BTN

Convert Afghan afghani

1 BTN = 0.788 AFN

1 AFN = 1.269 BTN

Convert Barbadian dollar

1 BTN = 0.023 BBD

1 BBD = 43.628 BTN

Convert Bermudian dollar

1 BTN = 0.011 BMD

1 BMD = 87.256 BTN

Convert Armenian dram

1 BTN = 4.381 AMD

1 AMD = 0.228 BTN

Convert Swiss franc

1 BTN = 0.009 CHF

1 CHF = 108.512 BTN

Convert Djiboutian franc

1 BTN = 2.040 DJF

1 DJF = 0.490 BTN

Convert Dominican Peso

1 BTN = 0.697 DOP

1 DOP = 1.435 BTN

Convert Cape Verdean escudo

1 BTN = 1.091 CVE

1 CVE = 0.917 BTN

Convert Georgian Lari

1 BTN = 0.031 GEL

1 GEL = 32.281 BTN

Convert Ghana Cedi

1 BTN = 0.120 GHS

1 GHS = 8.312 BTN

Convert Guyanese dollar

1 BTN = 2.397 GYD

1 GYD = 0.417 BTN

Convert Israeli Sheqel

1 BTN = 0.039 ILS

1 ILS = 25.570 BTN

Convert Indian Rupee

1 BTN = 1.000 INR

1 INR = 1.000 BTN

Convert Icelandic Krona

1 BTN = 1.414 ISK

1 ISK = 0.707 BTN

Convert Cambodian Riel

1 BTN = 46.001 KHR

1 KHR = 0.022 BTN

Convert Kenyan shilling

1 BTN = 1.482 KES

1 KES = 0.675 BTN

Convert Kuwaiti Dinar

1 BTN = 0.004 KWD

1 KWD = 285.671 BTN

Convert Kazakhstani tenge

1 BTN = 6.221 KZT

1 KZT = 0.161 BTN

Convert Sri Lankan rupee

1 BTN = 3.454 LKR

1 LKR = 0.290 BTN

Convert Moroccan dirham

1 BTN = 0.104 MAD

1 MAD = 9.613 BTN

Convert Burmese kyat

1 BTN = 24.056 MMK

1 MMK = 0.042 BTN

Convert Mongolian Tugrik

1 BTN = 41.170 MNT

1 MNT = 0.024 BTN

Convert Mauritian Rupee

1 BTN = 0.536 MUR

1 MUR = 1.865 BTN

Convert Mauritanian ouguiya

1 BTN = 4.562 MRO

1 MRO = 0.219 BTN

Convert Maldivian rufiyaa

1 BTN = 0.177 MVR

1 MVR = 5.650 BTN

Convert Malawian kwacha

1 BTN = 19.888 MWK

1 MWK = 0.050 BTN

Convert New Zealand Dollar

1 BTN = 0.019 NZD

1 NZD = 51.626 BTN

Convert Nepalese rupee

1 BTN = 1.601 NPR

1 NPR = 0.625 BTN

Convert Philippine peso

1 BTN = 0.662 PHP

1 PHP = 1.511 BTN

Convert Pakistani rupee

1 BTN = 3.250 PKR

1 PKR = 0.308 BTN

Convert Rwandan franc

1 BTN = 16.510 RWF

1 RWF = 0.061 BTN

Convert Litecoin

1 BTN = 0.000 LTC

1 LTC = 9503.986 BTN

Convert Mexican peso

1 BTN = 0.216 MXN

1 MXN = 4.627 BTN

Convert Nicaraguan córdoba

1 BTN = 0.422 NIO

1 NIO = 2.371 BTN

Convert Romanian leu

1 BTN = 0.050 RON

1 RON = 19.935 BTN

Convert North Korean won

1 BTN = 10.315 KPW

1 KPW = 0.097 BTN

Convert Cayman Islands dollar

1 BTN = 0.010 KYD

1 KYD = 105.232 BTN

Convert Lebanese pound

1 BTN = 1028.160 LBP

1 LBP = 0.001 BTN

Convert Libyan dinar

1 BTN = 0.062 LYD

1 LYD = 16.012 BTN

Convert Lao kip

1 BTN = 247.899 LAK

1 LAK = 0.004 BTN

Convert Malagasy Ariary

1 BTN = 50.826 MGA

1 MGA = 0.020 BTN

Convert Liberian dollar

1 BTN = 2.300 LRD

1 LRD = 0.435 BTN

Convert Macedonian Denar

1 BTN = 0.609 MKD

1 MKD = 1.643 BTN

Convert Lesotho loti

1 BTN = 0.207 LSL

1 LSL = 4.834 BTN

Convert Macanese pataca

1 BTN = 0.093 MOP

1 MOP = 10.793 BTN

Convert Moldovan Leu

1 BTN = 0.195 MDL

1 MDL = 5.139 BTN

Convert Namibian dollar

1 BTN = 0.207 NAD

1 NAD = 4.834 BTN

Convert Malaysian ringgit

1 BTN = 0.049 MYR

1 MYR = 20.399 BTN

Convert Omani rial

1 BTN = 0.004 OMR

1 OMR = 226.696 BTN

Convert Nigerian Naira

1 BTN = 17.576 NGN

1 NGN = 0.057 BTN

Convert Papua New Guinean Kina

1 BTN = 0.047 PGK

1 PGK = 21.129 BTN

Convert Panamanian Balboa

1 BTN = 0.011 PAB

1 PAB = 87.256 BTN

Convert Peruvian sol

1 BTN = 0.041 PEN

1 PEN = 24.357 BTN

Convert Norwegian krone

1 BTN = 0.117 NOK

1 NOK = 8.521 BTN

Convert Polish Zloty

1 BTN = 0.042 PLN

1 PLN = 23.669 BTN

Convert Paraguayan Guaraní

1 BTN = 87.615 PYG

1 PYG = 0.011 BTN

Convert Qatari Rial

1 BTN = 0.042 QAR

1 QAR = 23.971 BTN

Convert Solomon Islands Dollar

1 BTN = 0.097 SBD

1 SBD = 10.280 BTN

Convert Saudi riyal

1 BTN = 0.043 SAR

1 SAR = 23.268 BTN

Convert Singapore dollar

1 BTN = 0.015 SGD

1 SGD = 67.693 BTN

Convert Sierra Leonean leone

1 BTN = 260.135 SLL

1 SLL = 0.004 BTN

Convert Thai baht

1 BTN = 0.372 THB

1 THB = 2.686 BTN

Convert Taiwan dollar

1 BTN = 0.341 TWD

1 TWD = 2.932 BTN

Convert Ukrainian hryvnia

1 BTN = 0.479 UAH

1 UAH = 2.087 BTN

Convert Ugandan Shilling

1 BTN = 41.026 UGX

1 UGX = 0.024 BTN

Convert Surinamese dollar

1 BTN = 0.422 SRD

1 SRD = 2.367 BTN

Convert São Tomé and Príncipe dobra

1 BTN = 244.825 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 = 12.871 BTN

Convert Tongan paʻanga

1 BTN = 0.028 TOP

1 TOP = 36.241 BTN

Convert Uzbekistani som

1 BTN = 146.170 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 = 4.834 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 = 149.010 SYP

1 SYP = 0.007 BTN

Convert Swazi lilangeni

1 BTN = 0.207 SZL

1 SZL = 4.834 BTN

Convert Tunisian dinar

1 BTN = 0.033 TND

1 TND = 30.069 BTN

Convert Uruguayan peso

1 BTN = 0.461 UYU

1 UYU = 2.170 BTN

Convert Vietnamese dong

1 BTN = 300.473 VND

1 VND = 0.003 BTN

Convert Vanuatu vatu

1 BTN = 1.377 VUV

1 VUV = 0.726 BTN

Convert Samoan Tala

1 BTN = 0.032 WST

1 WST = 31.438 BTN

Convert CFA franc

1 BTN = 6.488 XAF

1 XAF = 0.154 BTN

Convert East Caribbean dollar

1 BTN = 0.031 XCD

1 XCD = 32.240 BTN

Convert Seychellois Rupee

1 BTN = 0.168 SCR

1 SCR = 5.969 BTN

Convert Swedish krona

1 BTN = 0.111 SEK

1 SEK = 9.040 BTN

Convert Saint Helena pound

1 BTN = 0.009 SHP

1 SHP = 115.871 BTN

Convert Tanzanian Shilling

1 BTN = 29.372 TZS

1 TZS = 0.034 BTN

Convert United States dollar

1 BTN = 0.011 USD

1 USD = 87.256 BTN

Convert CFP franc

1 BTN = 1.180 XPF

1 XPF = 0.847 BTN

Convert West African CFA franc

1 BTN = 6.488 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.