In November, the Pula depreciated against the yen (4.0 percent), US dollar (3.8 percent), British pound (0.9 percent), and euro (0.2 percent), , while it appreciated the rand (1.1 percent). On an annual basis (twelve months to November 2011), the Pula depreciated against the US dollar (11.0 percent), pound (11.1 percent), euro (12.3 percent), and the yen (17.5 percent) and while it appreciated against the rand (4.5 percent).