Convert New Zealand Dollar to Bhutanese Ngultrum
Please provide values below to convert New Zealand Dollar [NZD] to Bhutanese Ngultrum [BTN], or Convert Bhutanese Ngultrum to New Zealand Dollar.
How to Convert New Zealand Dollar to Bhutanese Ngultrum
1 NZD = 0.0193208193694398 BTN
Example: convert 15 NZD to BTN:
15 NZD = 15 × 0.0193208193694398 BTN = 0.289812290541597 BTN
New Zealand Dollar to Bhutanese Ngultrum Conversion Table
| New Zealand Dollar | Bhutanese Ngultrum |
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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.
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.