US Dollar to Bhutanese Ngultrum Exchange Rate

Live Rate

= Nu. 73.8678

Refreshing in: 60s | Fri, Oct 23, 09:05AM GMT

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Historical Rate chart of USD and BTN

Updated: 23 Oct 2020 09:05:59 UTC

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 13 Oct 14 Oct 15 Oct 16 Oct 17 Oct 18 Oct 19 Oct 20 Oct 21 Oct 22
1 USD = 73.3284 Inverse: 0.0136 73.3184 Inverse: 0.0136 73.4369 Inverse: 0.0136 73.2329 Inverse: 0.0137 73.2329 Inverse: 0.0137 73.2329 Inverse: 0.0137 73.3103 Inverse: 0.0136 73.4754 Inverse: 0.0136 73.6915 Inverse: 0.0136 73.6955 Inverse: 0.0136

US Dollar to the Bhutanese Ngultrum for the last 10 months

Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020
1 USD = 71.3037 Inverse: 0.0140 71.2195 Inverse: 0.0140 71.5887 Inverse: 0.0140 75.7073 Inverse: 0.0132 76.4803 Inverse: 0.0131 75.8729 Inverse: 0.0132 76.1133 Inverse: 0.0131 74.6175 Inverse: 0.0134 74.9322 Inverse: 0.0133 73.2979 Inverse: 0.0136

US Dollar to the Bhutanese Ngultrum for the last 10 years

Oct 2010 Oct 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017 Oct 2018 Oct 2019
1 USD = 44.4434 Inverse: 0.0225 49.8419 Inverse: 0.0201 53.7570 Inverse: 0.0186 61.5130 Inverse: 0.0163 61.2223 Inverse: 0.0163 64.9354 Inverse: 0.0154 66.8544 Inverse: 0.0150 65.0119 Inverse: 0.0154 73.4587 Inverse: 0.0136 71.0010 Inverse: 0.0141

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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