US Dollar to Bhutanese Ngultrum Exchange Rate

Live Rate

= Nu. 75.6413

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Historical Rate chart of USD and BTN

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Updated: 06 Jun 2020 15:20:01 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

May 27 May 28 May 29 May 30 May 31 Jun 01 Jun 02 Jun 03 Jun 04 Jun 05
1 USD = 75.6061 Inverse: 0.0132 75.8270 Inverse: 0.0132 75.5542 Inverse: 0.0132 75.5542 Inverse: 0.0132 75.5542 Inverse: 0.0132 75.4888 Inverse: 0.0132 75.1496 Inverse: 0.0133 75.4654 Inverse: 0.0133 75.5854 Inverse: 0.0132 75.6413 Inverse: 0.0132

US Dollar to the Bhutanese Ngultrum for the last 10 months

Aug 2019 Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020
1 USD = 70.5954 Inverse: 0.0142 71.6403 Inverse: 0.0140 70.8682 Inverse: 0.0141 70.6904 Inverse: 0.0141 71.2411 Inverse: 0.0140 71.4404 Inverse: 0.0140 71.2939 Inverse: 0.0140 73.1808 Inverse: 0.0137 75.8081 Inverse: 0.0132 74.5731 Inverse: 0.0134

US Dollar to the Bhutanese Ngultrum for the last 10 years

Jun 2010 Jun 2011 Jun 2012 Jun 2013 Jun 2014 Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019
1 USD = 47.1036 Inverse: 0.0212 44.6678 Inverse: 0.0224 55.3266 Inverse: 0.0181 56.8020 Inverse: 0.0176 59.1837 Inverse: 0.0169 63.8505 Inverse: 0.0157 67.1186 Inverse: 0.0149 64.4085 Inverse: 0.0155 67.2605 Inverse: 0.0149 69.3860 Inverse: 0.0144

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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