Convert Bhutanese Ngultrum to New Zealand Dollar
Please provide values below to convert Bhutanese Ngultrum [BTN] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Bhutanese Ngultrum.
How to Convert Bhutanese Ngultrum to New Zealand Dollar
1 BTN = 51.757639304973 NZD
Example: convert 15 BTN to NZD:
15 BTN = 15 × 51.757639304973 NZD = 776.364589574595 NZD
Bhutanese Ngultrum to New Zealand Dollar Conversion Table
| Bhutanese Ngultrum | New Zealand Dollar |
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Bhutanese Ngultrum
The Bhutanese Ngultrum (BTN) is the official currency of Bhutan, used for all monetary transactions within the country.
History/Origin
Introduced in 1974, the Ngultrum replaced the Indian Rupee as Bhutan's official currency, establishing a separate national currency to promote economic independence.
Current Use
The Ngultrum remains the official currency of Bhutan, widely used in everyday transactions, with coins and banknotes issued by the Royal Monetary Authority of Bhutan.
New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.