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Home Companies & Markets

Pula loses value against the Rand

mm by Staff Writer
April 7, 2022
in Companies & Markets
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Pula loses value against the Rand

GABORONE 8 October 2020, Bank of Botswana (BOB) Governor Moses Dinekere Pelaelo poses for a picture after briefing the media on the outcome of the Monetary Policy Committee (MPC) in Gaborone 8 October 2020. The deputy Governor of the bank Dr Kealeboga Masalila was present among the others during the briefing. (Pic:MONIRUL BHUIYAN/PRESS PHOTO)

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The Pula depreciated by 3.6 percent against the South African rand and appreciated by 2.5 percent against the IMF Special Drawing Rights (SDR) over the one-month period to March 2022, according to the Bank of Botswana. The central bank indicates that it appreciated by 7.4 percent against the Japanese yen, 3.7 percent against the British pound, 2.6 percent against the Chinese renminbi and 1.9 percent against both the US dollar and the euro.

Over the twelve months period to March 2022, the nominal Pula exchange rate depreciated by 5.4 percent against the South African rand and 0.6 percent against the SDR. Against the SDR constituent currencies, the Pula appreciated by 6.9 percent against the Japanese yen, 2 percent against the euro and 1.7 percent against the British pound, while it depreciated by 6 percent against the Chinese renminbi and 2.8 percent against the US dollar.

Tags: Bank of BotswanaBritish poundChinese renminbiIMF Special Drawing Rights (SDR)South African RandUS dollar

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