In September, the Pula depreciated against the yen (7.3 percent), US dollar (7.2 percent), British pound (3.2 percent) and the euro (1.6 percent), while it appreciated against the rand (2.9 percent). On an annual basis (twelve months to September 2011), the Pula depreciated against the yen (16.6 percent), euro (9.1 percent), US dollar (8.8 percent) and pound (7.6 percent) while it appreciated against the rand (2.6 percent).