The Pula depreciated against pound (0.1 percent) and the USD (0.9 percent) while appreciating against the euro (1.0 percent) and the yen (0.6 percent), and remained relatively unchanged against the rand (0.0 percent) in July. On an annual basis (twelve months to July 2014), the Pula depreciated against the pound (13.6 percent), euro (5.0 percent), US dollar (3.9 percent) while appreciating against the rand (4.1 percent) and the yen (1.0 percent), respectively.