The Pula appreciated against the rand (1.2 percent) and the euro (0.9 percent) while depreciating against the pound (0.8 percent), yen (1.3 percent) and the US dollar (2.7 percent) in November. On an annual basis (twelve months to November 2015), the Pula depreciated against the euro (0.3 percent), pound (11.4 percent), yen (12.0 percent) and the dollar (15.3 percent) but appreciated against the rand (10.7 percent).