Convert Norwegian Krone to Bhutanese Ngultrum
Please provide values below to convert Norwegian Krone [NOK] to Bhutanese Ngultrum [BTN], or Convert Bhutanese Ngultrum to Norwegian Krone.
How to Convert Norwegian Krone to Bhutanese Ngultrum
1 NOK = 0.117057076872319 BTN
Example: convert 15 NOK to BTN:
15 NOK = 15 × 0.117057076872319 BTN = 1.75585615308479 BTN
Norwegian Krone to Bhutanese Ngultrum Conversion Table
| Norwegian Krone | Bhutanese Ngultrum |
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Norwegian Krone
The Norwegian Krone (NOK) is the official currency of Norway, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Norwegian Krone was introduced in 1875, replacing the Norwegian Speciedaler, and has undergone various reforms, including decimalization in 1875 and decimal standardization in 1963. It has been Norway's official currency since then.
Current Use
The NOK is actively used in Norway for all financial transactions, including banking, commerce, and international trade. It is also traded on the foreign exchange market and is considered a stable currency within the region.
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.