US Dollar to Botswana Pula Exchange Rate
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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.
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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 08 | Oct 09 | Oct 10 | Oct 11 | Oct 12 | Oct 13 | Oct 14 | Oct 15 | Oct 16 | Oct 17 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 11.0765 Inverse: 0.0903 | 11.0686 Inverse: 0.0903 | 11.0435 Inverse: 0.0906 | 11.0585 Inverse: 0.0904 | 11.0585 Inverse: 0.0904 | 10.9473 Inverse: 0.0913 | 10.9084 Inverse: 0.0917 | 10.9327 Inverse: 0.0915 | 10.9632 Inverse: 0.0912 | 10.8969 Inverse: 0.0918 |
US Dollar to the Botswana Pula for the last 10 months
| Dec 2018 | Jan 2019 | Feb 2019 | Mar 2019 | Apr 2019 | May 2019 | Jun 2019 | Jul 2019 | Aug 2019 | Sep 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 10.7420 Inverse: 0.0931 | 10.5199 Inverse: 0.0951 | 10.5655 Inverse: 0.0946 | 10.7020 Inverse: 0.0934 | 10.6322 Inverse: 0.0941 | 10.7938 Inverse: 0.0926 | 10.7658 Inverse: 0.0929 | 10.5764 Inverse: 0.0946 | 11.0719 Inverse: 0.0903 | 10.8690 Inverse: 0.0920 |
US Dollar to the Botswana Pula for the last 10 years
| Oct 2009 | Oct 2010 | Oct 2011 | Oct 2012 | Oct 2013 | Oct 2014 | Oct 2015 | Oct 2016 | Oct 2017 | Oct 2018 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 6.5264 Inverse: 0.1532 | 6.5401 Inverse: 0.1529 | 7.3404 Inverse: 0.1362 | 7.8369 Inverse: 0.1276 | 8.4387 Inverse: 0.1185 | 9.1647 Inverse: 0.1091 | 10.2231 Inverse: 0.0978 | 10.7758 Inverse: 0.0928 | 10.2397 Inverse: 0.0977 | 10.6420 Inverse: 0.0940 |
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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