Convert Bhutanese Ngultrum to Mexican Peso
Please provide values below to convert Bhutanese Ngultrum [BTN] to Mexican Peso [MXN], or Convert Mexican Peso to Bhutanese Ngultrum.
How to Convert Bhutanese Ngultrum to Mexican Peso
1 BTN = 4.63326396412825 MXN
Example: convert 15 BTN to MXN:
15 BTN = 15 × 4.63326396412825 MXN = 69.4989594619238 MXN
Bhutanese Ngultrum to Mexican Peso Conversion Table
| Bhutanese Ngultrum | Mexican Peso |
|---|
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.
Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions and financial exchanges within the country.
History/Origin
The Mexican Peso originated in the 19th century, evolving from the Spanish dollar and undergoing various reforms. It was decimalized in 1905 and has experienced multiple currency reforms, including the introduction of the current peso in 1993 to stabilize the economy.
Current Use
Today, the Mexican Peso is widely used in Mexico for all forms of payment, both cash and electronic, and is one of the most traded currencies in Latin America.