Exchange 11 BTN to DKK - 11 Bhutanese Ngultrum to Danish Krone
The ngultrum (Dzongkha: དངུལ་ཀྲམ [ŋýˈʈúm], symbol: Nu., code: BTN) is the currency of the Kingdom of Bhutan. It is subdivided into 100 chhertum (Dzongkha: ཕྱེད་ཏམ [pt͡ɕʰɛ́ˈtám], spelled as chetrums on coins until 1979). The Royal Monetary Authority of Bhutan is the minting authority of the Ngultrum banknotes and coins. The Ngultrum is currently pegged to the Indian rupee at parity.
The krone (Danish pronunciation: [ˈkʁoːnə]; plural: kroner; sign: kr.; code: DKK) is the official currency of Denmark, Greenland and the Faroe Islands, introduced on 1 January 1875. Both the ISO code "DKK" and currency sign "kr." are in common use; the former precedes the value, the latter in some contexts follows it. The currency is sometimes referred to as the Danish crown in English, since krone literally means crown. Historically, krone coins have been minted in Denmark since the 17th century. One krone is subdivided into 100 øre (Danish pronunciation: [ˈøːɐ]; singular and plural), the name øre possibly deriving from Latin aureus meaning "gold coin". Altogether there are eleven denominations of the krone, with the smallest being the 50 øre coin, which is valued at one half of a krone. Formerly there were more øre coins, but those were discontinued due to inflation. The krone is pegged to the euro via the ERM II, the European Union's exchange rate mechanism. Adoption of the euro is favoured by some of the major political parties, however a 2000 referendum on joining the Eurozone was defeated with 53.2% voting to maintain the krone and 46.8% voting to join the Eurozone.
11 Bhutanese Ngultrum to Danish Krone exchange rates chart
11 BTN to DKK Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.
11 Bhutanese Ngultrum to Danish Krone Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.
All political parties had come to an agreement before the campaigning started that they would not 'politicise' sensitive issues like foreign policy, but at least five cases before Bhutan's election dispute settlement system were about parties trying to defame rivals using India-Bhutan relations.