US Dollar to Botswana Pula Exchange Rate

Live Rate

= P 11.3648

Refreshing in: 60s | Sun, Oct 25, 07:46PM GMT

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Historical Rate chart of USD and BWP

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Updated: 25 Oct 2020 19:47:00 UTC

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How can I get the best exchange rate between US dollar and the Botswanan pula?

To get the best exchange rate between the US dollar and the Botswanan pula, you should compare the exchange rate you are offered by various online money transfer services against the mid-market rate of the currency. The mid-market rate is the exchange rate that banks use when they trade with each other, and you can find it by looking up the currency pair, in this case “USD to BWP” online.

Traditional banks in the US will also let you send money to Botswana, but they may offer you a bad exchange rate that is far from the mid-market rate. In addition, many banks don’t even offer to exchange money into smaller currencies like the pula. In that case you would have to send the money in US dollars, and the conversion happens when the money reaches your recipient’s bank in Botswana. The exchange rate your recipient gets may be good or bad, depending on his or her own bank.

US Dollar

The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
Currency:US Dollar
Currency Symbol:$
Sub unit:cents
Bank notes:$1, $5, $10, $20, $50, $100
Coins:1c, 5c, 10c, 25c, 50c

Botswana Pula

The Botswana pula is one of the strongest currencies in Africa, introduced in 1976. Botswana is among the largest diamond-producing countries in the world.
Currency:Botswana Pula
Currency Symbol:P
Sub unit:thebe
Bank notes:10, 20, 50, 100 and 200 pula
Coins:5, 10, 25, 50 thebe, 1, 2, 5 pula

What affects exchange rates between the US dollar and the Botswanan pula?

As a freely exchangeable currency, the pula fluctuates according to the supply and demand in the global forex market. Although the pula is not pegged directly to any other currency, it is valued against a basket of other currencies. The Bank of Botswana sometimes intervenes to keep the exchange rate between the pula and these other currencies from fluctuating too much, effectively managing what is known as a “crawling peg” policy. This means that the pula is allowed to increase or decrease in value gradually against other currencies like the US dollar.

The exchange rate between US dollars and Botswanan pula may also be affected by a number of other circumstances in either the United States or Botswana. For example, if the central bank in Botswana decides to raise their interest rates, the value of the Botswanan pula compared to the US dollar will usually increase as a result. Similarly, lower interest rates in Botswana would lead to a lower value of the pula compared to the dollar, increasing the buying power of American travelers there as a result.

Send money from USD to BWP

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$1 Same day USD 0.00 11.318 BWP 11,318,221 XE offers fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$1 1 - 2 days USD 18,900.00 11.365 BWP
11,364,601
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How does the Botswanan pula trade against the US dollar historically?

The Botswanan pula was first introduced in 1976, when it replaced the South African rand as the official currency in Botswana at a rate of 1-to-1. All exchange controls were abolished in 1999, but the pula was devalued by the central bank both in 2004 and 2005.

Between 2008 and 2011, the pula saw relatively stable performance against the US dollar with small fluctuations along the way. At the end of 2008, you would need 7 pula to get 1 US dollar, and at the beginning of 2011 it was only worth slightly less, requiring 7.5 pula to buy 1 US dollar.

From 2011 until 2016, the pula gradually lost its value against the US dollar, moving from about 7.5 pula for 1 dollar to a low of 12 pula for 1 dollar. Since then, the trend has changed once again with 1 US dollar being worth about 10 pula in 2017.

US Dollar to the Botswana Pula for the last 10 days

Oct 15 Oct 16 Oct 17 Oct 18 Oct 19 Oct 20 Oct 21 Oct 22 Oct 23 Oct 24
1 USD = 11.4667 Inverse: 0.0872 11.4920 Inverse: 0.0870 11.4920 Inverse: 0.0870 11.4920 Inverse: 0.0870 11.4415 Inverse: 0.0874 11.4555 Inverse: 0.0873 11.4083 Inverse: 0.0877 11.3862 Inverse: 0.0878 11.3648 Inverse: 0.0880 11.3648 Inverse: 0.0880

US Dollar to the Botswana Pula for the last 10 months

Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020
1 USD = 10.6573 Inverse: 0.0938 10.7319 Inverse: 0.0932 11.0743 Inverse: 0.0903 11.8570 Inverse: 0.0843 12.2646 Inverse: 0.0815 11.9214 Inverse: 0.0839 11.7556 Inverse: 0.0851 11.4868 Inverse: 0.0871 11.6070 Inverse: 0.0862 11.4999 Inverse: 0.0870

US Dollar to the Botswana Pula for the last 10 years

Oct 2010 Oct 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017 Oct 2018 Oct 2019
1 USD = 6.5774 Inverse: 0.1520 7.3013 Inverse: 0.1370 7.9057 Inverse: 0.1265 8.4233 Inverse: 0.1187 9.1298 Inverse: 0.1095 10.4286 Inverse: 0.0959 10.6696 Inverse: 0.0937 10.3860 Inverse: 0.0963 10.6420 Inverse: 0.0940 10.8293 Inverse: 0.0923

Market rate for common transfer amounts USD to BWP

US Dollars (USD) Botswana Pula (BWP)
$1 0
$100 0
$500 0
$1000 0
$1500 0
$2500 0
$5000 0


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