The Bhutan Ngultrum is the basic unit of currency in Bhutan. The currency code of Bhutan Ngultrum is BTN. The Ngultrum is pegged to the Indian Rupee.
According to a quasi currency board system, the Ngultrum still follows the movements of the Indian Rupee, which is in free circulation in Bhutan. The exchange rate appears to slightly increase against the USD even if it depreciates against the EUR.