The Pula depreciated against the US dollar (1.1 percent) and the euro (0.1 percent) while appreciating against the pound (0.6 percent) and the yen (5.4 percent) in November. On an annual basis (twelve months to November 2014), the Pula depreciated against the pound (2.5 percent) and US dollar (6.4 percent) while appreciating against the rand (1.2 percent), euro (2.3 percent) and the yen (8.1 percent), respectively.