In June, the Pula appreciated against the yen (2.3 percent), US dollar (1.5 percent), British pound (0.6 percent) and the euro (0.1 percent), but depreciated against the rand (0.9 percent). On an annual basis (twelve months to June 2012), the Pula depreciated against the yen (16.6 percent), US dollar (15.5 percent), pound (13.0 percent) and the euro (2.7 percent), while it appreciated against the rand (3.5 percent).