Convert your NGN to BTN in few easy clicks
NGN to BTN Comparison Table
| Feature | NGN (Nigerian Naira) | BTN (Bhutanese Ngultrum) |
|---|---|---|
| Currency Code | NGN | BTN |
| Symbol | ₦ | Nu. |
| Issuing Authority | Central Bank of Nigeria | Royal Monetary Authority of Bhutan |
| Economic Strength | Developing, resource-based economy | Developing, agriculture-based economy |
| Exchange Rate Volatility | High | Relatively stable |
| Popular Use Cases | Domestic transactions, remittances | Domestic transactions |
| Digital Payment Adoption | Growing adoption, mobile money prominent | Increasing adoption |
| Inflation Rate | Historically high | Relatively low |
| Interest Rates | High | Lower than Nigeria |
| Foreign Exchange Reserves | Moderate | Adequate |
| Foreign Direct Investment (FDI) | Increasing, resource-focused | Increasing, hydropower and tourism |
Key Observations:
- The NGN is a currency of a developing economy with high volatility, while the BTN is from a developing, agriculture-based economy with relative stability.
- Bhutan has a less developed digital payment infrastructure compared to Nigeria.
- The interest rate differential between the two countries is significant.
Related Currency Pairings
| African Currencies | Asian Currencies |
| NGN to KES NGN to LYD NGN to MAD NGN to MGA | NGN to CNY NGN to HKD NGN to IDR NGN to ILS |
| European Currencies | South America Currencies |
| NGN to CHF NGN to CZK NGN to DKK NGN to EUR | NGN to ARS NGN to BOB NGN to BRL NGN to CLP |
Seven Facts About the Bhutanese Ngultrum
- Pegged to Indian Rupee: The Bhutanese Ngultrum is pegged at par with the Indian Rupee, making both currencies equally accepted within Bhutan.
- Central Bank Control: The Royal Monetary Authority of Bhutan is responsible for issuing and regulating the Ngultrum, ensuring its stability.
- Currency Subdivision: The Ngultrum is divided into 100 Chetrums, though these sub-units are rarely used in practice.
- Economic Dependence: Bhutan’s economy is closely tied to India, influenced by factors like trade, tourism, and hydropower projects.
- Currency Symbol: The Ngultrum is denoted by “Nu.”
- Cash-Based Economy: While digital payments are increasing, Bhutan still primarily operates on a cash-based system.
- Tourism Impact: Tourism is a significant contributor to Bhutan’s economy, and the Ngultrum plays a crucial role in transactions within this sector.
Check out Bhutan economic indicators for more information
Top Banks in Nigeria and Bhutan to Convert your Naira to Ngultrum
| Country | Bank Name | City |
|---|---|---|
| Nigeria | Access Bank Plc | Lagos |
| Nigeria | United Bank for Africa (UBA) | Lagos |
| Nigeria | Zenith Bank Plc | Lagos |
| Bhutan | Bhutan National Bank Limited (BNBL) | Thimphu |
| Bhutan | Druk PNB Bank Limited | Thimphu |
| Bhutan | Bank of Bhutan Limited (BoBL) | Thimphu |