Pula gains against Rand

Pula, the domestic currency, has appreciated by one percent against the South African rand, and depreciated by 1.3 percent against the IMF Special Drawing Rights ( SDR) over the one- month period to October 2022. According to Bank of Botswana the Pula depreciated by 7.3 percent against the British Pound, 3.1 percent against the euro and 0.2 percent against the US dollar, while it appreciated by 1.9 percent against the Japanese Yen and 1.1 percent against the Chinese Yuan. Furthermore, it has been disclosed that over the twelve months period to October 2022, the nominal Pula exchange rate depreciated by 6.6 percent against the SDR and appreciated by 1.9 percent against the South African rand. Against the SDR constituent currencies, the Pula depreciated by 15.2 percent against the US dollar, 3.1 percent against the Chinese renminbi and 0.5 percent against the euro, while it appreciated by 10.4 percent against the Japanese yen and 0.8 percent against the British pound