The Pula depreciated against the rand (0.6 percent) while appreciating against euro (0.4 percent), US dollar (0.7 percent), pound (1.0 percent) and the yen (1.7 percent) in March. On an annual basis (twelve months to March 2014), the Pula depreciated against the pound (14.4 percent), euro (12.5 percent) and the US dollar (6.0 percent), while appreciating against the rand (7.5 percent) and the yen (2.6 percent)