The Pula appreciated against the rand (1.5 percent) while depreciating against the euro (0.3 percent), yen (1.0 percent), pound (1.6 percent) and the US dollar (2.3 percent) in July. On an annual basis (twelve months to July 2015), the Pula appreciated against the euro (6.9 percent), yen (5.4 percent).and the rand (4.2 percent) but depreciated against the US dollar (12.6 percent) and pound (5.2 percent).