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US dollar to Bhutanese ngultrum exchange rate

Find the best USD/BTN exchange rate for 21 Apr 2021.

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= Nu. 74.9902

Refreshing in: 60s | Wed, Apr 21, 12:30PM GMT

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Historical Rate chart of USD and BTN

Updated: 21 Apr 2021 12:30:04 UTC

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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.

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

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

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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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