Currency in Botswana
A practical currency and money guide to travel, living and doing business in Botswana and the Botswanan pula (BWP).
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.
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 Ideas and Money Tips for Botswana
Expat Money & Business Guide to Botswana
Managing your finances in Botswana
Here we list some key points for expats and businesses to consider when managing financial dealings in Botswana:
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Understand Botswanan pula currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the BWP exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.
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Use a local Botswanan pula bank account: A local BWP bank account can make it easier for you to manage your finances and pay bills while you are in Botswana. It may also be more convenient to use a local BWP bank account to make purchases and withdraw cash.
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Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Botswana. This can help you avoid legal issues and ensure that you are complying with local requirements.
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Consider the tax implications: It is important to understand the tax implications of living or doing business in Botswana. This can help you plan your finances and ensure that you are paying the correct amount of tax.
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Seek financial advice: If you are unsure of how to manage your finances in Botswana, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.
USD/BWP – Market Data
The exchange rate of Botswanan pula (BWP), or the amount of BWP that can be exchanged for a foreign currency, can fluctuate rapidly based on a number of factors, including economic conditions, interest rates, and political events. Below you can check the latest USD/BWP rate plus recent trend, chart, and historic rates.
| Date | USD/BWP | Change | Period |
|---|---|---|---|
15 May 2023 | 13.48 | 2% ▲ | 2 Week |
28 Feb 2023 | 13.32 | 3.2% ▲ | 3 Month |
29 May 2022 | 12.03 | 14.3% ▲ | 1 Year |
30 May 2018 | 9.9636 | 38% ▲ | 5 Year |
31 May 2013 | 8.6763 | 58.5% ▲ | 10 Year |
03 Jun 2003 | 5.1929 | 164.8% ▲ | 20 Year |
Compare Botswanan pula Exchange Rates & Fees
The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make an International Money Transfer to Botswana or planning a trip or maybe living there, so will need to exchange and spend Botswanan pula.
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It is important to note that the exchange rate of the Botswanan pula can change rapidly and that past performance is not necessarily indicative of future performance. It is advisable to carefully consider the risks and factors that may affect BWP exchange rates before making any financial decisions.
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