In January, the Pula depreciated against the yen (3.9 percent), the US dollar (4.6 percent), the euro (6.3 percent) and the pound (7.1 percent) while it appreciated against the rand (3.4 percent). On an annual basis the Pula depreciated against the rand (4.9 percent) and the yen (7.6 percent) while it appreciated against the euro (3.7 percent), the pound (2.9 percent), and the US dollar (1.3 percent).