Currency in Botswana BWP - Things to know
Foreign exchange guide to Botswana and the Botswanan pula
What's in this Botswana currency guide?
What currency is used in Botswana?
The official currency of Botswana (country code: BW) is the Botswanan pula, with symbol P and currency code BWP.
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Things to know about the Botswanan pula
The currency code "BWP" refers to the Botswana pula, which is the official currency of Botswana. It is represented by the symbol "P" and is abbreviated as BWP. The physical currency consists of coins and banknotes. The coins come in denominations of 1 thebe, 5 thebe, 10 thebe, and 25 thebe. The banknotes come in denominations of 2 pula, 5 pula, 10 pula, 20 pula, and 50 pula. The banknotes feature images of famous Botswanan historical figures, such as Sir Seretse Khama and Tshekedi Khama. The design of the currency is constantly being updated, so the physical appearance of the coins and banknotes may vary slightly over time.
Travel money for Botswana
Save money and time by Ordering your Botswanan pula online from Travelex, you get better rates and can pick up the BWP cash locally or even on travel day at the airport.
Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to Pay in Botswanan pula otherwise you may get much worst exchange rates.
USD/BWP Market Data
The below interactive chart displays the USD/BWP change and UP📈 DOWN📉 trends over the past 1 Year.
Frequently Asked Questions
What currency should I use in Botswana?
The domestic currency in Botswana is the Botswanan pula.
What is the Botswanan pula currency code and symbol?
The three letter currency code for the Botswanan pula is BWP — symbol is P.
Which countries use the Botswanan pula?
It is the domestic currency in Botswana.
Is the Botswanan pula a closed currency?
No, the Botswanan pula is freely available and convertible. See guide: What is a closed currency?
What are equivalent amounts of USD and BWP?
Here are some popular conversion amounts for USD to BWP (US dollar to Botswanan pula)*.
*Converted at the current USDBWP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Send Money to Botswana - Best Rates
To get a good (and fair) exchange rate when sending money to Botswana you need to find and compare exchange rates for International Money Transfers (IMTs).
The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.
You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.
Get a better deal for foreign transfers to Botswana
When sending money to Botswana it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Botswanan pula amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted BWP amount will be transfered to the recipient account you specify in Botswana.
Use the above calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Botswanan pula deposited into the recipient bank account and less margins and fees kept by the banks!