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US dollar to Bhutanese ngultrum exchange rate
Find the best USD/BTN exchange rate for 21 Apr 2021.
Refreshing in: 60s | Wed, Apr 21, 12:30PM GMT
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Get the best exchange rate between US dollar and the Bhutanese ngultrum
When deciding how to exchange your US dollars to Bhutanese ngultrum, look at what the mid-market rate of the currency is. This is the rate that banks use and it’s the rate you should try getting closest to when making an exchange. People who’re sending money to Bhutan should use an online money transfer service — such as Wise — for a cheap and reliable option.
The best currency exchange option for travelers to Bhutan will be at the airport or major international hotels. It’s reported in Bhutan that exchanging money at other places around the capital city can be a rather long and complicated process. It is also often reported that 50 and 100 US dollar bills have better exchange rates than the lower denominations such as 20 and 10 dollar bills.
Keep in mind that Bhutan almost exclusively uses cash (but very few coins!), so when you’re buying something in Bhutan, make sure that you have plenty of cash, as many vendors won’t accept credit cards.
Did you know?
Indian rupees are also accepted currency in Bhutan. The ngultrum is pegged to the rupee at a one-to-one rate and shops throughout Bhutan accepts it as payment. So, if you can exchange your US dollars to Indian rupees at a stronger rate, that may be a better option for currency conversion.
|Sub unit symbol:||c|
|Bank notes:||$1, $5, $10, $20, $50, $100|
|Coins:||1c, 5c, 10c, 25c, 50c|
|Sub unit symbol:||Ch.|
|Bank notes:||Nu.1, Nu.5, Nu.10, Nu.20, Nu.50, Nu.100, Nu.500, Nu.1000|
|Coins:||Ch.5, Ch.10, Ch.20, Ch.25, Ch.50, Nu.1.|
What affects exchange rates between the US dollar and the Bhutanese ngultrum?
The Bhutanese ngultrum is pegged to the Indian rupee at a one-to-one rate. When looking at what affects the exchange rate between the US dollar and the Bhutanese ngultrum, you should examine the exchange rate between the US dollar and the Indian rupee.
The Indian rupee is officially a free-floating currency subject to supply and demand in the global currency market. An improving economy or higher interest rates in India would contribute to a higher exchange rate for the Indian rupee.
As for Bhutan, it’s a very small economy that’s heavily dependent on:
- Basic industry
- Indian support
Because of these factors, it’s highly unlikely that the peg with the Indian rupee will disappear.
How does the Bhutanese ngultrum trade against the US dollar historically?
- In 1970, two years after the Bank of Bhutan was established, it was taken over by the State Bank of India.
- During the financial crisis in 2008, you needed 39.29 ngultrum to buy 1 US dollar, which was an all-time high for the ngultrum.
- During recent years, the ngultrum has declined to the level it is today where you need almost 65 ngultrums to get 1 US dollar.
- In 2018 , the trend of a declining ngultrum compared to US dollar seems to continue. However, if the Indian economy and rupee strengthens unexpectedly, we may see a strengthening ngultrum over the next few years.
US Dollar to the Bhutanese Ngultrum for the last 10 days
|Apr 11||Apr 12||Apr 13||Apr 14||Apr 15||Apr 16||Apr 17||Apr 18||Apr 19||Apr 20|
|1 USD =||74.6052 Inverse: 0.0134||74.8658 Inverse: 0.0134||75.3924 Inverse: 0.0133||75.1590 Inverse: 0.0133||74.9231 Inverse: 0.0133||74.2503 Inverse: 0.0135||74.2937 Inverse: 0.0135||74.3238 Inverse: 0.0135||74.4914 Inverse: 0.0134||74.8617 Inverse: 0.0134|
US Dollar to the Bhutanese Ngultrum for the last 10 months
|Jun 2020||Jul 2020||Aug 2020||Sep 2020||Oct 2020||Nov 2020||Dec 2020||Jan 2021||Feb 2021||Mar 2021|
|1 USD =||76.1133 Inverse: 0.0131||74.7109 Inverse: 0.0134||74.9322 Inverse: 0.0133||73.2979 Inverse: 0.0136||73.6915 Inverse: 0.0136||74.1139 Inverse: 0.0135||73.8758 Inverse: 0.0135||73.0481 Inverse: 0.0137||72.3218 Inverse: 0.0138||72.5483 Inverse: 0.0138|
US Dollar to the Bhutanese Ngultrum for the last 10 years
|Apr 2011||Apr 2012||Apr 2013||Apr 2014||Apr 2015||Apr 2016||Apr 2017||Apr 2018||Apr 2019||Apr 2020|
|1 USD =||44.4527 Inverse: 0.0225||52.0900 Inverse: 0.0192||54.0085 Inverse: 0.0185||60.4568 Inverse: 0.0165||62.8538 Inverse: 0.0159||66.2437 Inverse: 0.0151||64.5710 Inverse: 0.0155||65.8642 Inverse: 0.0152||69.6808 Inverse: 0.0144||76.1766 Inverse: 0.0131|
Send money from USD to BTN
Market rate for common transfer amounts USD to BTN
|US Dollars (USD)||Bhutanese Ngultrum (BTN)|
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