Converting from Bhutan Ngultrum (BTN) to Maldives Rufiyaa (MVR)

What is Bhutan Ngultrum (BTN)

The Bhutan Ngultrum (BTN) is the official currency of the Kingdom of Bhutan, a small landlocked country located in the eastern Himalayas. Introduced in 1974, the Ngultrum is pegged to the Indian Rupee (INR), meaning that its value is closely linked to the INR. This relationship ensures stability, as the Indian economy is one of Bhutan's main trading partners.

The Ngultrum is subdivided into 100 chhertum. Banknotes are available in denominations of 1, 5, 10, 20, 50, 100, 500, and 1000 Ngultrum. Coins come in smaller denominations, such as 1, 5, 10, 20, and 50 chhertum, along with 1, 2, 5, and 10 Ngultrum coins. The design of the Ngultrum banknotes showcases Bhutanese culture, natural beauty, and historical figures, making it not only a medium of exchange but also a reflection of Bhutan's identity.

When traveling to Bhutan or dealing with Bhutanese currency, it's important to remember that the Ngultrum is only accepted domestically and cannot be exchanged outside Bhutan. However, Indian Rupees are widely accepted in Bhutan, making it easier for visitors from India.

What is Maldives Rufiyaa (MVR)

The Maldives Rufiyaa (MVR) is the official currency of the Maldives, an island nation in the Indian Ocean known for its stunning beaches and vibrant marine life. The Rufiyaa was introduced in 1981, replacing the previous currency known as the Laari. The Rufiyaa is abbreviated as MVR and is subdivided into 100 laari.

Rufiyaa banknotes are available in denominations of 1, 5, 10, 20, 50, 100, 500, and 1000 Rufiyaa, while coins are available in lower denominations of 1, 2, 5, 10, 25, and 50 laari, along with 1, 2, and 5 Rufiyaa coins. The design of the Rufiyaa notes often features the natural beauty of the Maldives, including its flora and fauna, as well as significant cultural and historical landmarks.

When converting BTN to MVR, one must consider the current exchange rate, which can fluctuate due to various economic factors. To find the value of 1 BTN in MVR, you can use the formula:

Value in MVR = Value in BTN × Current Exchange Rate (MVR/BTN)

As exchange rates can vary from one financial institution to another, it's advisable to check with reliable sources like banks or currency converters for the most accurate rates. Additionally, understanding these currencies is crucial for travelers engaging in trade or tourism between the two countries.