The Pula depreciated against the euro (1.5 percent), and rand (0.3 percent) while appreciating against the yen (1.1 percent), US dollar (1.3 percent) and the pound (2.2 percent) in May In the twelve months to May 2017, the Pula appreciated against the pound (25.2 percent), US dollar (9.2 percent) yen (9.0 percent) and the euro (8.8 percent) but depreciated against the rand (9.3 percent).