The Pula depreciated against the euro (2.3 percent), yen (2.0 percent), pound (1.7 percent) and the US dollar (1.6 percent) while appreciating against the rand (2.2 percent) in March 2017. In the twelve months to March 2017), the Pula appreciated against the pound (19.4 percent), euro (10.0 percent), US dollar (3.8 percent) and the yen (3.4 percent) but depreciated against the rand (6.4 percent).