Pula sinks to lows against USD, peaks against Rand

Records show that the Pula reached possibly its weakest level ever against the dollar on April 3, at USD/P12.36, as a result of the operations of the crawling peg system used to manage the local currency’s value.

The crawling peg system produces the Pula’s value by linking it to a basket of other currencies, which include the USD, British Pound, Euro and South African Rand and others. The system uses prevailing and forecast inflation in such countries and adjusts for levels of trade.