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BTN

Bhutanese Ngultrum

BTN · Bhutan

39
Moderate
Risk
Historical Scores
344045Jul 2021Jul 2025Aug 2026
What does this mean for you?

The Bhutanese Ngultrum is in decent shape overall, scoring 39 out of 100. There are some areas to watch, but no immediate danger. Your money is holding its value reasonably well compared to most currencies.

You only need about 5.1%/yr to stay ahead. A basic savings account is enough. Calculator ↓

Inflation
3.6%
Debt / GDP
111.0%
GDP Growth
8.0%
FX Volatility
23.0
Governance
Not available
Reserves
6.6 mo
Analysis
What's working well
Prices are stable — your money holds its value well
Economy is growing healthily
Healthy foreign currency reserves as a safety net
What to watch out for
The country is spending much more abroad than it earns — relies on foreign money flowing in
Government owes a lot (111% of what the country produces) — may need to print more money
Full Bhutan analysis →

Savings Impact Calculator

BTN
Holding cash in BTN3.6% inflation
BTN 840−BTN 160 (16% purchasing power lost)
Your BTN 1,000 buys 16% less in 5 years
What if you invested BTN 1,000 instead? (5yr, in BTN terms)
USD-denominated assets gain an additional ~0.6%/yr from expected BTN depreciation vs USD
Hold USD Cash
BTN 884
−BTN 116
-2.4%/yr net in BTN
S&P 500
BTN 1652
+BTN 652
range: BTN 756–BTN 3246
10% USD return + 0.6% FX · ±16% vol
Gold
BTN 1507
+BTN 507
range: BTN 432–BTN 4092
8% USD return + 0.6% FX · ±24% vol
Bitcoin
BTN 3120
+BTN 2120
range: BTN 188–BTN 18.7k
25% USD return + 0.6% FX · ±54% vol

All values in BTN. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~0.6%/yr based on the inflation differential between Bhutan (3.6%) and the US (~3%). This uses purchasing power parity as a long-run approximation — actual FX movements can differ significantly in the short term. S&P 500 based on 1957-2024, Gold on 2000-2024, Bitcoin on 2015-2024. Past performance does not guarantee future results. Not financial advice.

Holding other assets too? Calculate your full portfolio risk →
This score is based on our 12-factor risk model. Think inflation or debt should matter more? Build your own model with custom weights and see how BTN ranks differently.
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