The Pula appreciated against the yen (1.1 percent) and the euro (1.0 percent) while depreciating against the US dollar (0.1 percent), rand (0.1 percent) and the pound (2.5 percent) in February. On an annual basis (twelve months to February 2015), the Pula appreciated against the euro (12.5 percent) and yen (7.9 percent) while depreciating against the US dollar (7.9 percent), rand (0.9 percent) and the pound (0.4 percent).