Pula, Rand gravitate towards parity

Wednesday, December 22, 2010

Since the adoption of the crawling peg exchange rate regime in 2005, barring a few pockets of appreciation, the Pula has gradually been depreciating against the Rand. This year saw the two currencies on almost equal footing.

From trading at between R1.40 and R1.50 two years ago, 2010 saw the pula increasingly lose its weight against the Rand and edge towards parity mostly on the back of the strengthening Rand rather than the BoB's policy.

According to the Bank of Botswana exchange rates, by Tuesday trading, the Pula was trading at R1.07, but the effective rate with commission factored in would see a holder of one Pula getting just about one Rand.

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Pula, Rand gravitate towards parity

Since the adoption of the crawling peg exchange rate regime in 2005, barring a few pockets of appreciation, the Pula has gradually been depreciating against the Rand. This year saw the two currencies on almost equal footing.

Advancing social justice and decent work in Africa: A blueprint for change

Staying safe amidst the electoral frenzy as journalists brace for October election

Cultures Spears makes waves in the SA market

Sephobe for Miss Royal International Florida

Threads of broken bonds

Teen carves promising artistic path

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Koolkat Motyiko's single unravels rich tribal music tapestry

Stakeholders must step up veggie supply