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.
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.
$1, $5, $10, $20, $50, $100
1c, 5c, 10c, 25c, 50c
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.
10, 20, 50, 100 and 200 pula
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
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
1 USD =
US Dollar to the Botswana Pula for the last 10 months
1 USD =
US Dollar to the Botswana Pula for the last 10 years
1 USD =
Market rate for common transfer amounts USD to BWP
Adrienne Fuller is the head of publishing at Finder US. With a decade of experience creating guides in finance and education, she aims to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. For the past 3 years she has been the publisher of money transfers, helping readers save when they send money all over the globe. She has a BA from Colorado College and loves to hike with her two Catahoula dogs around her home in San Diego.
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