The Pula appreciated against the British pound (3.5 percent); euro (1.2 percent) and Japanese yen (0.1 percent) but depreciated against the US dollar (-0.7 percent); rand (-0.4) and Chinese renminbi (-0.2 percent); over a one-month period to July 2019. However, in the twelve months to July 2019, the Pula appreciated against the British pound (3.4 percent); rand (3.0 percent) and Euro (0.5 percent) but depreciated against Japanese yen (-6.7 percent); US dollar (-4.3 percent) and Chinese renminbi (-3.4 percent).