Pula appreciates against the South African

Let’s get into it now

Year-Long Performance (Oct 2023 - Oct 2024)

Against African and International Benchmarks:

* 📉 Lost 4.3% against the South African rand

* 📈 Gained 0.9% against the IMF's Special Drawing Rights (SDR)

Against Major World Currencies:

* 📈 US Dollar: Gained 4%

* 📈 Japanese Yen: Gained 2.1%

* 📈 Euro: Small gain of 0.2%

* 📉 British Pound: Lost 4.3%

* 📉 Chinese Renminbi: Small loss of 0.3%

Recent Performance (Past Month - October 2024)

Quick Snapshot:

* 📈 South African Rand: Gained 0.4%

* 📉 SDR: Lost 0.5%

Individual Currency Performance:

* 📉 US Dollar: Lost 2.4%

* 📉 Chinese Renminbi: Small loss of 0.2%

* 📈 Japanese Yen: Strong gain of 3.8%

* 📈 Euro: Gained 0.8%

* 📈 British Pound: Small gain of 0.2%

What Does This Mean?

* The Pula has shown mixed performance, staying relatively stable against major currencies

* Stronger performance against the US Dollar over the year suggests good value retention

* Recent month shows more volatility, with notable gains against the Japanese Yen

* The slight depreciation against the rand might affect regional trade dynamics

Remember: Currency movements can impact your investments, especially if you're considering international opportunities or cross-border transactions!

Stay informed and keep watching these trends! 🌍💹

source: Bank of Botswana