The Pula appreciated against the euro (1.4 percent), the pound (1.6 percent), yen (4.4 percent) and the US dollar (4.9 percent) while depreciating against the rand (3.2 percent) in March. On an annual basis (twelve months to March 2016), the Pula depreciated against the pound (6.0 percent), dollar (8.9 percent), euro (13.2 percent) and the yen (14.8 percent) but appreciated against the rand (11.9 percent).