The BTN/USD pair shows how many US dollars one Bhutanese ngultrum buys, reflecting Bhutan's trade and tourism ties with the United States.
Each row combines a UTC date, a rate and the change from the previous available observation. A positive change means the base currency buys more of the quote currency than on the previous available date.
Days without a quotation are not interpolated: the series keeps only observations that were actually received.
Compare several periods before a trip, an international transfer or a foreign-currency invoice. The average, minimum and maximum provide a quick reference, while the table enables a date-by-date check.
The BTN/USD exchange rate represents the value of the Bhutanese ngultrum (BTN) against the US dollar (USD). This directed pair indicates how many US dollars are needed to purchase one ngultrum. It is used by businesses, travelers, and investors engaged in trade or tourism between Bhutan and the United States. When the BTN appreciates against the USD, one ngultrum buys more dollars, making Bhutanese goods and services more expensive for US buyers.
The Bhutanese ngultrum is pegged at par to the Indian rupee (INR), so the Royal Monetary Authority of Bhutan manages the BTN/USD rate indirectly through its INR peg. The US Federal Reserve sets monetary policy for the USD, influencing global interest rates and capital flows. Key drivers for BTN/USD include India's economic performance, trade balances, tourism receipts, and remittances. Bhutan's economy relies on hydropower exports, tourism, and agriculture, while the US dollar is shaped by US inflation, growth, and Federal Reserve policy. Risk sentiment and commodity prices also affect the pair.
Over the past several years, the BTN/USD rate has been relatively stable due to the INR peg, with fluctuations mirroring the USD/INR trend. The ngultrum has generally depreciated against the US dollar, reflecting India's higher inflation and trade deficits relative to the US. The peg has provided stability for Bhutan's economy, but external shocks such as global financial conditions and regional geopolitical events have influenced the pair. The Royal Monetary Authority maintains the peg through foreign exchange interventions, ensuring the BTN remains closely tied to the INR.
This analysis is provided for information only and is neither a forecast nor financial advice.
Each row combines a UTC date, a rate and the change from the previous available observation. A positive change means the base currency buys more of the quote currency than on the previous available date.
Displayed source: aucune source historique disponible. Indicative values are used only as a visual fallback.