During July, the Pula appreciated against the yen (0.8 percent) and the US dollar (3.2 percent) while it depreciated against the rand (0.4 percent), the pound (0.6 percent),) and the euro (3.5 percent). On an annual basis the Pula depreciated against the yen (9.7 percent), the rand (5.5 percent,) and the US dollar (0.5 percent) while it appreciated against the euro (7.5 percent) and the pound (5.4 percent).