US Dollar to Bhutanese Ngultrum Exchange Rate

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= Nu. 71.0010

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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 TransferWise — 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.

US Dollar

The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
Currency:US Dollar
Currency Symbol:$
Sub unit:cents
Sub unit symbol:c
Bank notes:$1, $5, $10, $20, $50, $100
Coins:1c, 5c, 10c, 25c, 50c

Bhutanese Ngultrum

The ngultrum is the official currency of the sovereign Kingdom of Bhutan. Because of its small economy, Bhutan relies on its neighbor, India, for financial stability. Rupees are also legal tender in the country.
Currency:Bhutanese Ngultrum
Currency Symbol:Nu.
Sub unit:chhertum
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
  • Tourism
  • 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

Oct 12 Oct 13 Oct 14 Oct 15 Oct 16 Oct 17 Oct 18 Oct 19 Oct 20 Oct 21
1 USD = 71.0359 Inverse: 0.0141 71.0613 Inverse: 0.0141 71.2037 Inverse: 0.0140 71.5686 Inverse: 0.0140 71.4357 Inverse: 0.0140 71.1309 Inverse: 0.0141 71.1839 Inverse: 0.0140 71.1839 Inverse: 0.0140 71.1839 Inverse: 0.0140 70.8128 Inverse: 0.0141

US Dollar to the Bhutanese Ngultrum for the last 10 months

Dec 2018 Jan 2019 Feb 2019 Mar 2019 Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019
1 USD = 70.0929 Inverse: 0.0143 71.0311 Inverse: 0.0141 71.1245 Inverse: 0.0141 68.7493 Inverse: 0.0145 69.8536 Inverse: 0.0143 69.4246 Inverse: 0.0144 69.4362 Inverse: 0.0144 68.8704 Inverse: 0.0145 71.8855 Inverse: 0.0139 70.8367 Inverse: 0.0141

US Dollar to the Bhutanese Ngultrum for the last 10 years

Oct 2009 Oct 2010 Oct 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017 Oct 2018
1 USD = 46.5750 Inverse: 0.0215 44.4838 Inverse: 0.0225 49.8958 Inverse: 0.0200 53.6386 Inverse: 0.0186 61.2507 Inverse: 0.0163 61.3504 Inverse: 0.0163 64.9683 Inverse: 0.0154 66.6870 Inverse: 0.0150 65.0452 Inverse: 0.0154 73.3941 Inverse: 0.0136

Get the best rates for USD/BTN exchanges

Market rate for common transfer amounts USD to BTN

US Dollars (USD) Bhutanese Ngultrum (BTN)
$1 0
$100 0
$500 0
$1000 0
$1500 0
$2500 0
$5000 0

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