In November, the Pula depreciated against the euro (1.2 percent), US dollar (0.9 percent) and the British pound (0.6 percent), while appreciated against the Japanese yen (2.6 percent and the rand (0.5 percent). On an annual basis (twelve months to November 2012), the Pula depreciated against the pound (7.0 percent), US dollar (4.3 percent) and the euro (1.9 percent) while it appreciated against the yen (1.3 percent) and the  rand (0.2 percent).